17th Jun 2022 09:11
(Alliance News) - Directa Plus PLC on Friday said it has seen an acceleration in trading in the last two months since the first quarter of the year.
Shares in Directa Plus were up 10% at 106.88 pence on Friday morning in London.
The graphene-based product supplier said that revenue from the start of the year to the end of May was approximately 44% ahead of the same period the previous year at EUR4.6 million.
Directa Plus said this was driven by growth in all its commercial verticals, with sales in line with expectations.
The company said it continues to work to mitigate inflationary pressures on costs while maintaining increased investment in operations.
Nonetheless, the firm said it remains optimistic in its ability to secure an environmental remediation services contract which it has tendered via its subsidiary, Setcar.
It explained that the contract is "significantly larger" than anything it has secured to-date.
By Heather Rydings; [email protected]
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