Quadnectics / Synectics Sales Decline 2nd Half 2009By: John Honovich, Published on Mar 13, 2010
In their Interim Results for 2nd half 2009 (calendar year), Quadnectics discloses the following key data points:
- Security Systems Service division revenue fell from 22.8 GBP to 17.4 GBP from 2H 2008 to 2H 2009 (23.6% revenue decline). Despite the sharp fall, Quadnectics projects an uptick in orders in the upcoming period.
- Synectics Network video surveillance revenue fell from 5.8 GBP to 4.9 GBP from 2H 2008 to 2H 2009 (15.5% revenue decline). North American casinos project delays are cited as a key factor.