Judges Scientific, a specialist in the acquisition and development of businesses in the scientific instrument sector, announced on Thursday that its subsidiary Geotek had secured a binding contract for an upcoming coring expedition.
Source: Sharecast
The AIM-traded firm said the expedition was scheduled for early 2025.
It noted that no revenue from the contract would be recognised in 2024, aligning with previous statements.
The expected revenue from the contract was anticipated to be comparable to recent coring projects undertaken by Geotek, it added.
At 0947 BST, shares in Judges Scientific were up 1.09% at 10,564p.
Reporting by Josh White for Sharecast.com.
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.