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Pressure Technologies PLC on Tuesday said that it has resumed trading on AIM following a temporary suspension. The Sheffield, England-based engineering firm saw the suspension on its securities lifted on Tuesday morning after its annual audited accounts were published. For the year ended October 1, Pressure Technologies reported pretax loss of £4.0 million, narrowed from £5.0 million a year prior. Its revenue fell to £24.9 million from £25.3 million. The company attributed this decline to unexpected customer delays, supply chain disruption and unplanned outage of key equipment, which combined delayed ‘significant revenue into the first half of FY23.’ It did not declare a dividend. Pressure Technologies shares were trading 1.0% higher at 44.00 pence each in London on Tuesday afternoon. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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