On Tuesday, FTSE 250-listed defence & aerospace, security, transport and energy firm Ultra Electronics (LSE:ULE) shot up 6% to 2,068p a share on the release of its results for the year ended 31 December 2019.
The firm reported pretax profits of £91 million – more than double the £42.6 it made in 2018 – on revenues of £825.4 million.
Elsewhere, the company said it ended the results period with a “healthy” £1.02 billion order book and was not currently being hit by the global spread of coronavirus.
In the video below, provided by piworld, Ultra’s CEO Simon Pryce and CFO Jos Sclater discuss the results in more details for analysts.
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