Simon Thompson 

Kromek’s bumper contract momentum

Simon Thompson

Simon Thompson

Sedgefield-based Kromek (KMK:23p), a radiation detection technology company focused on the medical, security screening and nuclear markets, released a sizzling hot set of results just as I was departing for a well-earned break at the start of the month. Cash profit quadrupled to £2m on revenues up 22 per cent to £14.5m in the 12 months to end April 2019, including a storming second half when Kromek delivered cash profit of £2.5m on revenue of £10.8m, a performance that highlights the robust momentum in the business and high operational leverage, too.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now