30th Jul 2024 20:18
Xaar PLC - Cambridge, England-based industrial inkjet manufacturer - Expects to report a decline in half-year revenue, as it grapples with "challenging market conditions". Revenue for the six months to June 30 is expected to decline 16% to GBP29 million from GBP34.5 million. "Trading for the period continued to reflect the previously reported challenging market conditions and is in line with expectations," company says. Remains well capitalised with net cash at June 30 of GBP6.8 million compared with GBP5.7 million at December 31. Xaar reports half-year earnings on September 18.
Current stock price: 137.00 pence
12-month change: down 28%
By Jeremy Cutler, Alliance News reporter
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