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.

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