Share Price.com
Market Update Economic Events Directors Deals Commodities Prices News Market Movers

Windar Photonics' revenue flies ahead in H1

Wednesday, 12th July 2017
Windar Photonics said its H1 revenue of €1.3m is already higher than the total revenue recorded during the last full financial year (€1.2m).

The company said it had continued the improving trend seen in H2 2016 throughout the first half of the current financial year. H1 revenue had grown 62% on H1 2016.

Efforts to realign operational expenses have resulted in an operational cost reduction (excluding depreciation, amortisation and warrants costs) of 47% to €1.0 million (H1 2016: €1.8 million).

"As a result of the increased revenue and the lower cost base, the Company has reduced net losses in H1 2017 by 52% to €0.8 million (H1 2016: €1.8 million) and its EBITDA loss has been reduced by 73% to €0.4 million (H1 2016: €1.4 million)," the company said.


At 9:09am: (LON:WPHO) Windar Photonics Plc share price was +10.5p at 84p



Story provided by StockMarketWire.com

Related Shares: Windar Photo

Share Search
Share Search Share Search

Visit the Share Search.
Share Search

Share News
Share News



SharePrice.com will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is, free of charge. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. UK data supplied by NBTrader and Digital Look. Share Prices are at least 15 minutes delayed.