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Nautronix's Revenue Grows

Nautronix's Revenue Grows

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12 December 2014

Undersea communication specialist Nautronix has seen turnover jump by 15 per cent year on year in the 12 months to June 30, but noted that a £2.4 million inter-company write-off dragged down profit for the period.

According to accounts filed with Companies House, the Aberdeen-based firm said pretax profit on ordinary activities reached £526,469 in the period, compared to £2m in the prior 12 months.

Operating profit grew to £2.9m from £2m, and its directors did not recommend paying a dividend for the year, according to the filing.

more [source: Herald Scotland]