Source - SMW
Pennant International (PEN) has swung to an H1 pretax profit of £10,582, from a year-ago loss of £0.75m.

Chairman Simon Moore said:

"The Group recorded a modest pre-tax profit for the six months ended 30 June 2016, an outcome that is significantly better than the equivalent period last year. 

"Furthermore, as highlighted in the Trading Update announced in June, the directors expect a substantial improvement in trading in the second half and, based on the levels of the confirmed record Order Book, are confident of a successful outcome for the year as whole."

Group revenue for the period was £6.6m, from £5.7m. No interim dividend was declared, from 1.0p a year ago. 

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