Petards Group – Trading Update

Petards Group – Trading Update

Petards, the AIM quoted developer of advanced security and surveillance systems, is pleased to provide an update on trading following the end of its financial year on 31 December 2009.

As was anticipated in our Interim Statement issued on 25 September 2009, revenues for the year were weighted towards the second six months.  The Company’s view is that its profit before tax for the full year will be higher than current market expectations.  Cash generation in the second half was also stronger than envisaged and we expect to report net debt of approximately £0.8m at 31 December 2009, reduced from £1.8m at the end of June 2009.

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