Cohort Backs Fiscal Year 2024 Views On Encouraging Start
26 Septiembre 2023 - 3:23AM
Noticias Dow Jones
By Elena Vardon
Cohort backed its expectations for fiscal 2024 as it has seen an
encouraging start to the year with contract wins and said that it
sees good prospects to secure more orders.
The U.K. defense company on Tuesday said its order book stood at
370 million pounds ($451.8 million) at Sept. 22 as it has won over
GBP90 million in contracts since the start of the year.
"Following an increased level of activity with the [U.K.
Ministry of Defence] last year, strong momentum has continued in
the first quarter, with good prospects to secure further long-term
orders for our naval systems and support work both from the U.K.
MOD and in export markets," it said in a statement ahead of its
annual general meeting.
The London-listed group that it expects its net cash balance to
decrease given planned capital expenditure and working capital
expansion, but to maintain positive net funds at the end of the
year.
Its net funds at the end of August were GBP15.2 million, down
from GBP15.6 million three months prior, it said, adding that it
has enough cash and banking facilities to fund its commitments and
potential acquisitions.
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
September 26, 2023 04:08 ET (08:08 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Cohort (LSE:CHRT)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Cohort (LSE:CHRT)
Gráfica de Acción Histórica
De May 2023 a May 2024