25th Oct 2019 12:04
(Alliance News) - Wind energy focused remote sensing equipment maker Windar Photonics PLC said Friday BDO LLP has resigned as the company's auditor.
"BDO confirm in their letter that the reasons for them ceasing to hold office do not need to be brought to the attention of members or creditors of the company," Windar added.
For the six months ended June, the company's pretax loss deepened to EUR1.1 million from EUR307,261 the year prior. This was after revenue halved to EUR730,597 from EUR1.7 million the year before.
During the period, the firm ended a distribution relationship with a Chinese firm in order to better position it to get new OEM contracts.
Shares in Windar Photonics were untraded in London on Friday but last closed at 44.00 pence each.
By Paul McGowan; [email protected]
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