AB Dynamics Forecasts Interim Revenue And Profit Ahead Of 2016 Results

LONDON (Alliance News) - AB Dynamics PLC said on Wednesday that it expects to report its interim revenue and operating profit "significantly" ahead of the corresponding period and in line with expectations.

For the six months to the end of February 2017, the advanced testing systems supplier posted revenue of GBP11.0 million and operating profit of GBP1.6 million.

The company said it seen an increased demand for its track testing products. As a result, order book has secured a strong sales pipeline for the current and into the next financial year.

AB Dynamics Chairman Tony Best said: "I am delighted to report that we are once again in a position to deliver another year of successful growth and have a good pipeline of orders to take us into the next financial year. Our new HQ has enabled us to improve our production capability and will also facilitate further growth."

The company will report half year results on April 24.

The stock was trading 3.4% higher at 905.00 pence per share on Wednesday.