Kromek Group hails resilience after orders joy

Dr Arnab Basu, Kromek Group chief executive

Kromek Group says it has made “steady operational” progress across its principal divisions despite ongoing geopolitical disruption.

Officials say the company – headquartered at NETPark, in Sedgefield, County Durham – was boosted by £8.8 million orders in the second-half of its financial year, which leaves it primed to meet revenue and pre-tax profit expectations of £27.2 million and £2.15 million respectively.

According to a trading update for the year to April 30, the business expects its chemical, biological, radiological and nuclear detection arm – known for supplying handheld radiation equipment to global security forces to combat terror attacks – to report year-on-year revenue growth.

Read more