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Infrastrata PLC (AIM:INFA) | RNS | Infrastrata PLC

Infrastrata PLC (AIM:INFA) | RNS | Infrastrata PLC
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

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Investegate |Infrastrata PLC Announcements | Infrastrata PLC: Award of Major Fabrication Contract

Investegate |Infrastrata PLC Announcements | Infrastrata PLC: Award of Major Fabrication Contract
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Shipyard Owner of Harland & Wolff 'Builds Growth Momentum'

Shipyard Owner of Harland & Wolff ‘Builds Growth Momentum’
3rd April 2021
InfraStrata owners of Harland & Wolff experience ‘building growth momentum’ and in its ferry and cruise market has broken even after larger contract wins were established. AFLOAT adds InfraStrata recently acquired Scottish Methil facility which is split across two locations with sites on the Isle of Lewis (in the north-west) and as above Methil, on the Fife east coast.
Credit: Insiderireland-twitter
Shipyard owners of Harland & Wolff, InfraStrata has reported steady progress in the first months of its financial year.
In a Q1 trading update, the business said it has booked about £6.5m in the eight months to 31 March 2021, with further growth expected this year. ....

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'Welcome news' as Scots Bi-Fab yards bought in nearly £1m deal by famous Titanic builders

'Welcome news' as Scots Bi-Fab yards bought in nearly £1m deal by famous Titanic builders
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Investegate |Infrastrata PLC Announcements | Infrastrata PLC: Annual Report and Notice of Meeting

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Successfully raised £7.40 million in December 2020 / January 2021
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Significant uptick in revenue generation since September 2020; current monthly revenue generation equivalent to FY 2020 revenues
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Cash break-even position achieved and maintained within the cruise and ferry business
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Progress being made on large contract fabrication for renewables and defence; pre-qualification achieved and contract negotiations being undertaken

2020 was a challenging year for the Group. When we acquired Harland & Wolff (Belfast) in December 2019, we did not expect a global pandemic to hit us and disrupt our lives so dramatically. Despite that, we have remained focussed and committed to growing our business. Our yards have been open throughout this period and we have had the privilege of welcoming over 30 vessels as at the date of this report and successfully re-deliveri ....

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