29th Jun 2021 15:49
Ross Group PLC - London-based supply chain management and distribution company - Reports revenue of GBP43,000 for 2020, versus nil in 2019. Pretax loss narrows to GBP1.5 million from GBP3.6 million the year before, reflecting drop in production expenses to GBP39,000 from GBP1.9 million. "For our fiscal year 2020, no services or sales of Chitin were recorded - as the R&D and implementation of pioneering production processes are still the continued focus and are currently in progress; particularly now through a new venture, namely, RGP-525," firm says. Says it responded "as best as possible" to pandemic. "The board and myself are satisfied with the progress that we have made over this last exceptional and challenging year in the identifying, initiating, and implementing of our emergency strategic plans," company says.
Current stock price: 2.225 pence
Year-to-date change: up sharply from 1.05p at end of 2020
By Lucy Heming;Â [email protected]
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