10th Jan 2023 11:59
Eden Research PLC - Oxfordshire-based sustainable crop protection and animal health firm - Expects revenue for the year ended on December 31 to be GBP1.8 million, ahead of market expectations of GBP1.7 million and up from GBP1.2 million a year earlier.
Expects product sales to have increased to GBP1.7 million from GBP1.1 million. Says pretax loss is expected to be GBP2.8 million, ahead of market guidance of a GBP3.1 million loss.
Chief Executive Officer Sean Smith says: "I am happy to share with you the news that 2022 has been a productive year during which we feel that the foundations have been laid for significant growth across our expanding crop protection business."
Current stock price: 4.50 pence, up 5.9% on Tuesday afternoon in London
12-month change: down 36%
By Xindi Wei, Alliance News reporter
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