Remote Monitored Systems

Remote Monitored Systems plc chairman hails 'spectacular turnaround'

Nigel Burton, chairman of Remote Monitored Systems Plc (LON:RMS),  spoke to Proactive's Andrew Scott to discuss the group's first half update following their name change from Strat Aero.

''The name change is really important, it's not an accident ... it's to signal to people that this is about remote monitoring and increasingly we'd like to include services in that''.

''[The first half of 2018] has been a spectacular turnaround from where we were last year ... we've reduced the operating loss 72% and from an EBITDA perspective we're pretty well break-even''.

Quick facts: Remote Monitored Systems

Price: £0.01

Market: LSE
Market Cap: £2.34 m

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Remote Monitored Systems focused on profitability for Geocurve in 2019

Remote Monitored Systems PLC's (LON:RMS) Nigel Burton recaps on the firm's 2018 results with Proactive London's Andrew Scott. Burton says despite a slower than expected start to 2019, Geocurve's implemented cost saving measures with the intention of becoming self-financing this year.

on 26/6/19

2 min read