Synectics posts rise in full year profits

Synectics has seen its full year revenues rise
Synectics has seen its full year revenues rise
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Synectics, the advanced surveillance technology and networked security systems company, has seen its profits and revenues rise over the last year, after it secured “market-leading” positions in a number of sectors.

In the year ended November 30 2016, revenue rose by 4 per cent to £70.9 million, while the underlying profit rose by more than 80 per cent to £2.6 million.

Commenting on the results, Paul Webb, the chief executive, said: “We will continue to build on the progress we have made, and I strongly believe that the actions we have already taken leave us better placed to deliver for our customers, and ultimately our shareholders - now and into the future.

“From our strong heritage in public space surveillance we have developed market-leading positions globally in gaming and oil and gas, as well as the UK bus and coach market.

“Great technology, a flexible attitude, and deep sector expertise are what set Synectics apart - and the business is well positioned for significant further growth.”