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SigmaRoc delivers 'strong' half year results thanks to 'resilient business model'

SigmaRoc delivers 'strong' half year results thanks to 'resilient business model'

SigmaRoc PLC's (LON:SRC) Max Vermorken updates Proactive London with their half year results which were strong despite the difficulties arising from the pandemic.

Revenue in the six months to June 30, was 83% higher year-on-year at £54.5 million from £29.8 million. Pretax profit surged to £3.5 million from £1.6 million. With a cash position of £17.3m.

However, Vermorken notes that the general uncertainty impacts the order book but if the company's performance continues on its current track, the full year results will also be positive.