A tech firm which provides maritime surveillance systems to clients in the defence and fishing sectors has swung back into profit after a 300% revenue rebounded following the Covid-19 pandemic.
SRT Marine Systems, based in Midsomer Norton in North East Somerset, saw sales of its radio systems and transceivers - which are deployed by national coastal guards and fishing monitoring agencies - grow to £18.8m in the six months to the end of September - up from £4.7m in the first half of the previous financial year.
The Aim-listed firm said this helped generate a profit after tax of £2.1m - compared to a loss of £3.1m for the same period a year earlier.
