14th Jun 2016 07:56
LONDON (Alliance News) - Crop-enhancement technology company Plant Impact PLC on Tuesday said it is trading in line with its expectations for the financial year to the end of July, with revenue in the first nine months of the year significantly ahead.
Plant Impact said revenue in the nine months to the end of April was GBP4.7 million, well ahead of the GBP3.1 million made a year earlier.
Revenue in the third quarter, however, slipped to GBP500,000 from GBP600,000 a year earlier, hit by a weak European agricultural market and reduced sales in the Middle East.
"I am pleased that Plant Impact continues to make significant progress towards its goals. Results from R&D and commercial trials remain encouraging on a number of fronts," said Plant Impact Chief Executive John Brubaker.
Shares in Plant Impact were up 1.0% to 52.00 pence Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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