FY18 sales are in line with our forecasts, increasing 13% YoY to £3.4m (Arden forecast £3.5m). Adjusted loss before tax has increased on prior year to £6.1m (FY17: £5.6m loss) following a reduction in gross margin and increased administrative expenses, slightly higher than our £5.9m forecast. The long-term sales order book sits at £5.19m following the extension of key contracts that were announced on 10 September, providing revenue out to FY23.
18 Sep 2018
FY18 results
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FY18 results
Haydale Graphene Industries Plc (HAYD:LON) | 0.4 0 0.0% | Mkt Cap: 7.82m
- Published:
18 Sep 2018 -
Author:
Andrew Simms -
Pages:
5
FY18 sales are in line with our forecasts, increasing 13% YoY to £3.4m (Arden forecast £3.5m). Adjusted loss before tax has increased on prior year to £6.1m (FY17: £5.6m loss) following a reduction in gross margin and increased administrative expenses, slightly higher than our £5.9m forecast. The long-term sales order book sits at £5.19m following the extension of key contracts that were announced on 10 September, providing revenue out to FY23.