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SRT Marine Systems PLC (SORA.L)

SORA.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SRT Marine says contract to supply MDM system has been postponed
Monday, 31 Jul 2017 02:00am EDT 

July 31 (Reuters) - Srt Marine Systems Plc ::MDM CONTRACT UPDATE.ADVISED BY ITS CUSTOMER THAT CONTRACT TO SUPPLY AN MDM SYSTEM IN SE ASIA CONTRACTED IN MARCH 2016 HAS BEEN POSTPONED.SUPPLY IS EXPECTED TO RECOMMENCE DURING END CUSTOMER'S NEW FISCAL YEAR WHICH BEGINS ON 1 ST MARCH 2018.NET EFFECT OF THIS WILL BE AN EXCEPTIONAL PROFIT AND LOSS ACCOUNT IMPAIRMENT CHARGE OF £1.5M IN CURRENT FINANCIAL YEAR.  Full Article

BRIEF-SRT Marine says contract to supply MDM system has been postponed

* ADVISED BY ITS CUSTOMER THAT CONTRACT TO SUPPLY AN MDM SYSTEM IN SE ASIA CONTRACTED IN MARCH 2016 HAS BEEN POSTPONED