26th Jan 2021 11:10
Itaconix PLC - London-based specialty polymers firm - Reports 2020 revenue, earnings before interest, tax, depreciation and amortisation and net cash as at December 31 as slightly ahead of market expectations. Says 2020 was a "positive" year for trading and sees continued growth from proprietary polymers as "key ingredients in an expanding range of everyday consumer products."
Itaconix says it has made "substantial" commercial and financial progress through "launches of new brands and reformulations of existing brands occurred in dishwashing detergents, hair styling products, and deodorising cleaners" as brands are looking to the company to improve product performance and bolster the environmental credentials of their products.
Current stock price: 5.20 pence, down 16% on Tuesday
Year-to-date change: up 86%
By Zoe Wickens; [email protected]
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