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HYR - Hydrodec News Story

3.95p 0.0  0.0%

Last Trade - 07/08/20

Market Cap £1.12m
Enterprise Value £11.5m
Revenue £11.9m
Position in Universe 1788th / 1819

BRIEF-Hydrodec Group's FY Revenue Increased By 10.5%

Tue 28th May, 2019 7:22am
May 28 (Reuters) - Hydrodec Group PLC  HYR.L :
    * FY REVENUE ROSE 10.5 PERCENT TO 14.9 MILLION USD
    * FY REVENUES INCREASED BY 10.5% TO USD 14.9 MILLION (2017:
USD
13.4 MILLION)
    * FY GROSS MARGINS IMPROVED TO 13.1% (2017: 12.8%)
    * OVERALL LOSS FOR YEAR WIDENED TO USD 13.7 MILLION (2017:
USD 4.3
MILLION)
    * MANAGEMENT REMAIN CONFIDENT THAT COMPANY WILL MEET MARKET
EXPECTATIONS FOR 2019
    * EXPECT TO CONCLUDE SALE OF AUSTRALIAN BUSINESS BEFORE AGM
ON 20
JUNE 2019
    * HYDRODEC GROUP - IN FOCUSING ON BUILDING FEEDSTOCK
VOLUMES,
BOARD ACCEPTS IT MAY IMPACT MARGINS IN 2019

Source text for Eikon:  ID:nRSb2225Aa 
Further company coverage:  HYR.L 

 ((Reuters.Briefs@thomsonreuters.com;))
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