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Windar Photonics sales up

Friday, 22nd September 2017
Windar Photonics reported a 62% increase in revenue to €1.3m (H1 2016: €0.8m) in the six months ended 30 June 2017.

HIGHLIGHTS:

- 62% increase in revenue to €1.3m (H1 2016: €0.8m)

- 47% reduction in operating costs to €1m (excluding depreciation, amortisation and warrant costs) (H1 2016: €1.8m)

- 71% reduction in EBITDA loss to €0.4m (H1 2016: €1.4m)

- Expansion of distributor network to 14 distributors within the IPP retrofit market

- Major progress in OEM market and ongoing projects with 13 wind turbine OEMs

- Strengthened balance sheet post period with £1.25 million fundraise












Story provided by StockMarketWire.com

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