17th Jan 2019 11:31
LONDON (Alliance News) - Ilika PLC said Thursday it expects strong revenue growth in the second half of the year, after reporting a narrowed loss for the first six months.
For the six months to October 31, the battery manufacturer, pretax loss reduced to GBP1.5 million from GBP1.7 million a year ago due to lower administrative expenses and share-based payments.
Revenue meanwhile remained flat at GBP1.0 million.
"In the second half of the current financial year Ilika expects to deliver strong revenue growth relative to the previous year as the Goliath development programmes and the recently announced autonomous sensor deployment project kick in," the company said.
Ilika shares were trading marginally higher at 17.50 pence each.
Related Shares:
Ilika Plc