9th Nov 2015 16:23
LONDON (Alliance News) - Grafenia PLC said Chief Executive Peter Gunning and Finance Director Alan Roberts bought shares in the printed materials and services company on Monday.
Gunning bought 201,935 shares at 15.50 pence each, and now holds 886,581 shares representing 1.9% of the company's issued share capital. Roberts bought 180,000 shares at 15.70p each, and now holds 500,000 shares representing a 1.1% stake.
Grafenia ealier Monday said it swung to a loss in the first half as revenue declined but its cost of sales increased.
The company said its pretax loss for the half to the end of September was GBP194,000, compared to a GBP173,000 profit a year earlier, as revenue fell to GBP5.3 million from GBP5.5 million. The fall in revenue was not matched by a fall in its cost of sales, which rose to GBP1.8 million from GBP1.6 million, hitting gross margins.
Shares in Grafenia were trading up 6.4% at 15.70p near the close Monday.
By Karolina Kaminska; [email protected] @KarolinaAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
GRA.L