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SimiGon narrows losses as revenue improves | 27 September 2021 stockmarketwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stockmarketwire.com Daily Mail and Mail on Sunday newspapers.
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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