Surface Transforms PLC - Liverpool-based manufacturer of carbon fibre-reinforced ceramic materials - Says sales for the six months to June 30 are expected to be about £3.3 million, up 14% from £2.9 million a year before. Says within this total, the volume of manufactured discs during the period increase by more than 80%, reflecting the ‘improvements made in production during 2023; the remainder of the sales in both periods is pre-production development income’.
Surface says it will release a pre-close trading update for its half-year results in July, and its full half year results in September.
In April, the firm reported revenue of £5.1 million for 2022, and a pretax loss of £6.0 million.
Current stock price: 29.32 pence each, down 6.9% on Tuesday afternoon in London
12-month change: down 33%
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