Synectics (GB:SNX) has released an update.
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Synectics plc reports a robust first half of 2024 with revenues up by 20% to £26.3 million, underlying operating profit soaring by 183% to £2.2 million, and a strengthened order book of £30.2 million. The company reinstated dividend payouts at 2.0p per share, reflecting confidence in its financial stability and future prospects. Key operational successes include the early delivery of high-margin projects and a significant contract win for a high-profile Asian gaming resort, with the Board optimistic about meeting FY 2024 market expectations.
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