Updates

Cohort - Defence firm posts record profits

August 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Cohort released an excellent set of full year numbers to end April. Revenues jumped 13% to £112.6m (up 5% organic) and pretax profit was ahead by 18% to £12m. Eps was up a third to 27.2p.Contributing to the performance was the two big lumpy divisions of MASS and SEA.MASS, a specialist focused mainly on electronic warfare and secure communications, recorded sales and profit both up £0.5m to £32m and £6m, respectively. Net margin was ahead from 16.9% to 18.7% due to a better mix comprising more cyber security work and lower levels of education deliveries, where there is a high level of bought-in products.The improved performance at SEA, a software house operating in defence, transport and off ...

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