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IN BRIEF: Haydale Graphene widens annual loss; outlook cautious

ALN

Haydale Graphene Industries PLC - Ammanford, Wales-based graphene technology company - For the year ended June 30, widens its pretax loss to £5.2 million from £3.8 million the previous year. Revenue remains flat at £2.9 million. Costs of sales tick up to £1.2 million from £924,000 as its total administrative expenses rise to £7.2 million from £6.1 million. Says its priority remains commercialising its functionalisation technology. Notes an uncertain economic backdrop and risks that could impinge on its operations. Adds that forward momentum is ‘unlikely to be smooth’ but says it is moving in ‘the right direction’.

Current stock price: 1.83 pence

12-month change: down 71%

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