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(Sharecast News) - Concurrent Technologies said on Monday that it expects record first-half results, with revenue rising to about 23.1m from 21.1m and pre-tax profit increasing to roughly 3.3m from 2.7m.
Order intake more than doubled to 46.9m, supported by demand across key markets and a 17m multi-year order from a European customer.
The AIM-traded group said design wins secured during the period carried an estimated lifetime value of 129m, while its Colchester expansion remains on track to double production capacity from the third quarter.
Chief executive Miles Adcock said record first-half performance reflected "the continued strength of demand across our key markets" and left the company well positioned to deliver at least in line with full-year market expectations.
At 1312 BST, shares in Concurrent Technologies were flat at 0% at 250p.
Reporting by Josh White for Sharecast.com.
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