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HYR - Hydrodec News Story

3.95p 0.0  0.0%

Last Trade - 11/08/20

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

BRIEF-Hydrodec Says FY Adj EBITDA From Cont Ops On Normalised Basis Broadly In Line With Last Year

Fri 29th March, 2019 7:28am
March 29 (Reuters) - Hydrodec Group PLC  HYR.L :
    * HAS AGREEMENTS FOR MORE THAN 400K GALLONS OF FEEDSTOCK
FROM TWO
US DEPARTMENT OF ENERGY CONTRACTS DUE TO COMMENCE IN APRIL
    * FOR YEAR ENDED 31 DEC 2018 ADJUSTED EBITDA FROM CONTINUING
OPERATIONS ON A NORMALISED BASIS WAS BROADLY IN LINE WITH PRIOR
YEAR
    * FOR YEAR ENDED 31 DEC 2018 REVENUE INCREASED BY 10.5% TO
ABOUT
US$14.9 MILLION (2017: US$13.4 MILLION)
    * FOR FY SALES VOLUMES OF PREMIUM QUALITY SUPERFINE
TRANSFORMER
OIL AND BASE OIL IN 2018 LOWER AT 23.0 MILLION LITRES (2017:
25.6 MILLION LITRES)
    * ANTICIPATE BIDS FOR AUSTRALIAN BUSINESS BEING RECEIVED
SHORTLY
AND ARE ALSO EXPLORING POTENTIAL RELOCATION OF PLANT TO USA
    * CONFIDENT THAT VOLUMES AND THEREFORE PRODUCTION WILL
EXCEED
ORIGINAL EXPECTATIONS FOR 2019

Source text for Eikon:  ID:nRSc4040Ua 
Further company coverage:  HYR.L 

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