UK's Directa Plus gains on upbeat revenue outlook

Directa Plus

27/02/2023 12:07

** Shares of producer and supplier of graphene-based
products Directa Plus  DCTA.L  rise as much as 11% to 88p
    ** Co expects revenues for FY22 to be not less than 10.8 mln
euros ($11.41 mln) vs its prior expectation of 10 mln euros
    ** Co says FY23 trading is in line with market expectations,
with revenue about 13.45 mln euros and core loss of 1.7 mln
euros 
    ** Co says current FY23 order book at around 8.8 mln euros
vs its prior expectation of 8.5 mln euros
    ** Stock set to post best day since Dec. 5, 2022 if trend
holds
    ** Including session's gains, stock has fallen about ~9% YTD

($1 = 0.9465 euros)

 (Reporting by Sruthi Narasimha Chari in Bengaluru)
 ((Sruthinarasimha.chari@thomsonreuters.com))