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HYR - Hydrodec News Story

3.95p 0.0  0.0%

Last Trade - 3:41pm

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

BUZZ-Hydrodec Group: At record low as FY loss widens, co sees margin impact

Tue 28th May, 2019 9:01am
** Shares of industrial oil re-refining firm Hydrodec
 HYR.L  slump 14.5% to 56.9 pence, hitting a record low
    ** Co posts wider overall FY loss of $13.7 mln, dented by
losses associated with discontinued Australian business 
 urn:newsml:reuters.com:*:nASP00126F 
    ** Expects to conclude sale of loss-making Australian
business before AGM on June 20 
    ** Says 2019 has seen slower than planned start for
feed-stock collections; board says margins may be affected by
co's focus to build feed-stock volumes
    ** Nevertheless, Hydrodec says it remains confident it will
meet market expectations for the year 

 (Reporting by Yadarisa Shabong in Bengaluru)
 ((yadarisa.shabong.thomsonreuters.com@reuters.net))
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