Source - SMW
Velocity Composites said losses widened in its first year as a public company as it continued to invest its its growth.

The company booked a net loss of £0.70m, widening from a loss in 2016 of £0.27m.

"The ongoing investment into the growth of the business has resulted in a small net loss position," it said.

Revenue grew by 46% to £21.4m, while underlying operating profit nudged up to £0.9m, which the company said was in line with expectations.

At 9:19am: (LON:VEL) Velocity Composites Plc share price was -18.5p at 101.5p

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