Tekmar Group (AIM:TGP) - Today’s 2nd interims (as the year-end is changing to September) contained a part of a business strategic review from the recently appointed CEO, Alistair Macdonald. The Covid impacted results showed a 29% revenue decline to £29.1m with an Operating loss of £2.4m to March 2021, which compares to a previous profit of £2m.
It is estimated that there will be €50bn of global spend on subsea cable procurement and installation in the next decade with over 60,000km of subsea cable to be installed by 2030, creating substantial opportunity for Tekmar’s technology and servic...
