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SimiGon narrows losses as revenue improves | 27 September 2021

SimiGon narrows losses as revenue improves | 27 September 2021
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SimiGon posts annual loss as sales slide 34% | 28 April 2021


28 April 2021 | 09:10am
StockMarketWire.com - Simulation and training solutions group SimiGon posted a full-year loss as the Covid-19 pandemic disrupted project work.
Pre-tax losses for the year through December amounted to £2.18 million, compared to year-on-year losses of £1.45 million. Revenue fell 34% to $3.22 million.
SimiGon said the fall in sales reflected slower progress in delivering against project milestones due to Covid-19 restrictions and limitations on securing expected new business wins.
SimiGon has worked through multiple challenges presented by the Covid-19 global pandemic, delaying numerous expected contracts and subcontracts in 2020 for SimiGon s core business supporting military aircrew training, executive chairman Ami Vizer said. ....

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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines SimiGon posts annual loss as sales slide 34%


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