FY19 results are broadly in line with our expectations; whilst revenue growth was modest, effective cost cutting reduced the adjusted operating loss to (£5.5m) (FY18: (£6.1m)), ahead of our forecast (£6.1m). As such, the Group’s net cash balance of £3.4m exceeded our forecast of £3.2m. It has been a significant year of change following the Management team change halfway through the period, with these results largely reflecting the “old Haydale”.
15 Oct 2019
FY19 results – costs cut, top-line poised for growth
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FY19 results – costs cut, top-line poised for growth
Haydale Graphene Industries Plc (HAYD:LON) | 0.4 0 1.1% | Mkt Cap: 8.00m
- Published:
15 Oct 2019 -
Author:
Michael White -
Pages:
8
FY19 results are broadly in line with our expectations; whilst revenue growth was modest, effective cost cutting reduced the adjusted operating loss to (£5.5m) (FY18: (£6.1m)), ahead of our forecast (£6.1m). As such, the Group’s net cash balance of £3.4m exceeded our forecast of £3.2m. It has been a significant year of change following the Management team change halfway through the period, with these results largely reflecting the “old Haydale”.