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Pressure Technologies – interims state “resilient market conditions”, but though still a loss?

By Steve Moore | Tuesday 25 June 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Specialist engineering company Pressure Technologies (PRES) has announced results for its half-year ended 30th March 2024 including highlighting “revenue of £15.0 million (2023: £13.8 million)” and “resilient market conditions during the first half of FY24 with new defence contract placements and continued growth in the oil and gas market”. So what of a current 34p share price, down approaching 13%?
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