Brief: Norsk Titanium H1 Loss Before Tax At USD 5.2 Mln

Norsk Titanium AS

30/08/2023 06:10

Aug 30 (Reuters) - Norsk Titanium AS  NTI.OL :
    * REPORTS H1 REVENUE OF USD 1.1 MILLION
    * H1 LOSS BEFORE TAX OF USD 5.2 MILLION
    * DELAYS IN COMMERCIAL DELIVERIES TO HITTECH AND FINAL
QUALIFICATION APPROVAL FROM AIRBUS PUSHED ANTICIPATED REVENUES
FROM 2023 INTO 2024, REDUCED EXPECTED REVENUES FOR 2023 BELOW
PREVIOUSLY PUBLISHED REVENUE RANGE OF USD 7-15 MILLION
    * THIS DELAY, HOWEVER, DOES NOT IMPACT COMPANY'S REVENUE
TARGET OF
USD 150 MILLION IN 2026

Source text for Eikon:  ID:nObiRkM3ta 
Further company coverage:  NTI.OL 

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