Ruggedised plug-in cards and systems developer Concurrent Technologies (LON: CNC) is stepping up its rate of growth. This will enable full year pre-tax profit to recover strongly, getting near to 2021 levels.
A trading update by the AIM-quoted company confirms that revenues are growing faster than expected. There has also been an easing of component supply problems. Defence is an important sector.
Revenues are expected to be £29.5m, compared with £27m previously. A return to dividend payments is expected this year with 1p/share forecast.
Cavendish forecasts a 2023 pre-tax profit of £...
