SearchSkip Search
main page contentSkip main page content

Strong financial base

Financial highlights

·         Solid revenue growth, up by 9% to $21.3m (H1 2020: $19.6m)

·         14% increase in operating profit to $2.2m (H1 2020: $1.9m)

·         13% rise in net profit to $1.73m (H1 2020: $1.54m)

·         Earnings per share increased by 14% to 1.89 US cents (H1 2020: 1.65 US cents)

·         Cash flow from operations increased by 53% to $3.1m (H1 2020: $2.0m)

·         Strong balance sheet with net cash at $9.7m as of 30 June 2021 (30 June 2020: $7.6m)

·         2020 dividend of $0.025 per share (2019 dividend: $0.02 per share) paid on 31 March 2021


Operational highlights

·         Another positive trading period with good contributions from all three divisions

·         MTI Summit continues to benefit from increased government spending on defence

·         Mottech opened a new, wholly owned subsidiary and office in Canada and retained key city centre contracts in Israel and internationally

·         The Antenna division secured its first contract to develop antennas for use in space and the take up of 5G antennas is in line with internal forecasts

Latest NewsSkip Latest News

Latest News

Start Latest News Pause Latest News
  • 12/07/2021

    MTI’s Antenna Division has been selected to partner with US engineering and technology firm, Craig Technologies and its subsidiary Sidus Space, to develop a new range of space antenna as part of a funded project.

    Read more
  • 7/06/2021

    For the first time in irrigation control software 2FA standard for safe connection. New Mottech ICC PRO5.5 version.

    Read more
  • 19/05/2021

    RNS news 20201

    Read more
  • 20/04/2021

    Mottech Decoder System (MDS)

    Read more
  • 1/03/2021

    Investor Meet Company

    Read more
  • 1/02/2021

    Enter the 5G era with MTI’s patented Multi Band Antennas, providing high bandwidth stable affordable connections

    Read more
  • 27/01/2020

    MTI Wireless Edge Ltd. announces multiple new MultiBand antenna products

    Read more
Jump to page content