RNS: Final Results for the Year Ended 30 November 2017

Synectics plc (AIM: SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, reports its audited final results for the year ended 30 November 2017.

Headlines:

• Revenue £70.1 million (2016: £70.9 million)
• Underlying profit¹ up 15% to £3.0 million (2016: £2.6 million)
• Profit before tax up 50% to £3.0 million (2016: £2.0 million)
• Underlying diluted EPS¹ 15.2p (2016: 12.4p)
• Diluted EPS 15.1p (2016: 8.8p)
• Return on capital employed 8.5% (2016: 7.6%)
• Net cash at 30 November 2017 £3.8 million (2016: £2.2 million)
• Year-end order book £24.4 million (2016: £26.2 million)
• Recommended final dividend increased to 3.0p per share (2016: 2.0p)

¹Underlying profit represents profit before tax and non-underlying items (which comprise restructuring costs and amortisation of acquired intangibles). Underlying earnings per share are based on profit after tax but before non-underlying items.

Commenting on the results, Paul Webb, Chief Executive, said:

'These results are pleasing in their own right, and especially satisfying in our 30th Anniversary Year as they reflect the dedication of our people to meet new challenges while remaining true to the values which inspired our Company's creation.'

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