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Haydale Graphene Industries PLC - developer of materials using graphene and other nanomaterials - Pretax loss narrows to £6.4 million in the year to June 30 from £6.6 million a year prior. Revenue rises 12% to £4.8 million from £4.3 million, administrative costs edge up by 2.5% to £9.1 million from £8.9 million. ‘The company recognises that progress has not proceeded with sufficient pace and therefore intends to use the recent fundraise as a catalyst for change,’ Haydale says in a statement. Adds the ‘board has embarked on a thorough review, including cost restructuring and commercial focus. Our priority is to bring forwards the group’s break-even point and cash generation, and we will be reporting progress to the market in due course.’ Current stock price: 0.12 pence, down 3.2% in London on Monday 12-month change: down 73% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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