19 April 2021 | 08:52am
StockMarketWire.com - Infrastructure company InfraStrata reported narrower first-half losses following a jump in revenue amid ongoing momentum.
For the six-month period ended 31 January 2021, pre-tax losses narrowed to £7.3 million from £10.4 million year-on-year as revenue jumped to £5.2 million from £0.5 million. Much work remains to be done but we have made huge progress in our quest to take the company to a level of steady revenues and achieve profitability, the company said.
At 8:52am: [LON:INFA] Infrastrata PLC share price was 0p at 36.75p
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1 April 2021 | 09:00am
StockMarketWire.com - Infrastructure company InfraStrata said has made steady progress since the start of the new fiscal year, booking revenue of about £6.50 million in the eight months to 31 March 2021, with further growth momentum expected this year. This is significant growth from the year-end results, where revenues of c£1.4 million were recorded, the company said. We outlined our strategy of building our business at Harland & Wolff across five core markets, viz, cruise & ferry, commercial fabrication, oil & gas, defence and renewables, it added.
In Q1, contract values within the cruise and ferry market had seen a quarter-on-quarter increase, with average contract values now in the range of between £600,000 and £1 million.