2nd Dec 2024 21:30
Haydale Graphene Industries PLC - developer of materials using graphene and other nanomaterials - Pretax loss narrows to GBP6.4 million in the year to June 30 from GBP6.6 million a year prior. Revenue rises 12% to GBP4.8 million from GBP4.3 million, administrative costs edge up by 2.5% to GBP9.1 million from GBP8.9 million. "The company recognises that progress has not proceeded with sufficient pace and therefore intends to use the recent fundraise as a catalyst for change," Haydale says in a statement. Adds the "board has embarked on a thorough review, including cost restructuring and commercial focus. Our priority is to bring forwards the group's break-even point and cash generation, and we will be reporting progress to the market in due course." Read More
