Concurrent Technology (LSE: CNC) 88p Mkt Cap £65m
Today’s RNS reported that CNC’s revenues and profitability will be slightly ahead of market expectations despite the ongoing challenges from being part of a worldwide component supply chain. This is a relief as CNC are recovering from the Covid hit year to December 2020, when R&D expenditure was increased by 11% to £3.9m and new products launched but profits fell to £2.7m from £4.1m. The interims to June 2021 nudged forward with a slight increase in revenue to £9.3m and improved profit at £1.5m. Its net cash remain strong at ...
