Byotrol PLC- Manchester, England based firm - Swings to a pretax loss of £1.3 million for the year that ended on March 31, from a profit of £1.0 million the year before. Revenue plunges to £6.3 million from £11.2 million, as product sales fall 49% to £5.2 million from £10.2 million.
Says this has resulted in an adjusted earnings before interest, tax, depreciation and amortisation of £39,000, down from £1.8 million the year before.
Byotrol says it expected ‘product sales and income from royalties to fall this year relative to the pandemic period’, and a ‘difficult trading environment as overstocking across the industry worked through’.
Byotrol Chair John Langlands says: ‘Our markets do continue to offer significant opportunities and we remain highly confident that we are on the right path to taking advantage of them. We remain optimistic about future growth and profitability. ’
Current stock price: 2.69 pence, up 1.6%
12-month change: down 46%
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