Directa Plus slumps after orders, contract award decisions postponed

Directa Plus

02/12/2022 11:54

** Shares of producer and supplier of graphene-based
products Directa Plus  DCTA.L  fall 11% to 74.5p
    ** DCTA says fulfilment of number of signed orders and
contract award decisions postponed until 2023
    ** Postponement due to supply chain issues across Europe and
delays in receiving customer-supplied textile materials for
treatment, company says
    ** DCTA expects recognition of orders totalling 2 mln euros
($2.11 mln) to be deferred to FY23
    ** Company forecasts FY22 revenue to be at least 10 mln
euros
    ** DCTA shares at lowest level since November 2020, headed
for worst day since Sept. 29
 ($1 = 0.9497 euros)
 (Reporting by Muhammed Husain in Bengaluru)
 ((Muhammed.Husain@thomsonreuters.com))