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Byotrol shares jump as optimistic despite half-year loss widening

7th Dec 2023 11:49

(Alliance News) - Byotrol PLC on Thursday reported an optimistic outlook amid a widened interim loss.

The Chester, England-based manufacturer of biocidal and antimicrobial cleaning products said its pretax loss widened 25% to GBP776,000 in the six months to September 30 from GBP623,000 the prior year.

Revenue fell 9.4% to GBP2.0 million from GBP2.2 million.

Looking ahead, interim Chief Executive Officer David Traynor said: "We are encouraged by the radical improvements in margins, operational key performance indicators and by the delivery of a product range that is future proofed against EU and UK regulatory environments.

"Our challenge now is to improve sales execution further, especially in export and in niche human health, and to then reallocate more resources back to monetise our outstanding IP portfolio."

Byotrol shares jumped 21% to 0.63 pence each on Thursday late morning in London.

By Tom Budszus, Alliance News slot editor

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