SCISYS drops despite contract win
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The price of shares in AIM-listed software and computer services provider SCISYS (LON:SSY) fell by 2.95% to 139.75p (as of 13:45 GMT) despite announcing a defence contract win. The contract, which is within the logistics field, is a follow-up to a previous one and will generate revenues of roughly £2.4 million between this month and the end of 2020.
CEO Klaus Heidrich commented: “We are delighted with this extension to our order book, which strengthens our position as a respected long-term supplier to the defence sector. Congratulations to all of the teams involved.“
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