Adacel reports lift in net profit

Company News

Adacel Technologies (ASX:ADA) has reported a 608.9 percent lift in net profit to $5.7 million in the six months ended 31 December 2015.
 
Total revenue for the period was $24.6 million, 42 percent higher than the previous corresponding period.
 
The company cited strong on-going business activity with key customers and the award and renewal of certain orders being received ahead of original expectations.
 
The company confirmed its full year guidance of profit before tax being 70 percent above 2015.
 
Adacel Technologies will pay an interim dividend of 1.25 cents per share unfranked. 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?