29th Jun 2022 15:09
Graft Polymer (UK) PLC - London-based polymer modification and drug delivery systems - Posts widened loss in seven-month period ended December 31 than in its financial year that ended May 31, 2021. Pretax loss widens to GBP954,000 compared to GBP451,000. Revenue drops to GBP219,000 from GBP520,000. Graft uses a seven-month period as it changes its financial year to match the calendar year, as announced in February.
"The next 12 to 18 months should also see us entering collaborations for mutual development and production of grafted products. This will help satisfy increasing demand on major international companies for new and enhanced products, with a particular focus on automotive projects where we have already undertaken a number of successful research and development projects," says Chair Roby Zomer.
Current stock price: 16.01 pence
12-month change: down 28%
By Tom Budszus; [email protected]
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