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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 £29 million from £34.5 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 £6.8 million compared with £5.7 million at December 31. Xaar reports half-year earnings on September 18. Current stock price: 137.00 pence 12-month change: down 28% Copyright 2024 Alliance News Ltd. All Rights reserved.
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