Petards supplies advanced security and surveillance systems to the Rail, Defence and Traffic Technology markets. This morning, the group has released a trading update for the year to 31 December 2019, pointing to an outturn below our previous expectations, driven by three specific contracts in rail. As a result, the Board now anticipates reporting revenue some £1.5m lower than we forecast, at £15.8m, and a pre-tax loss for the year compared to our previous expectation of PBT of £0.6m. Year-end n ....
