UK's Xaar PLC shares hit 1-year low on wider pre-tax loss

Xaar

19/09/2023 08:41

** Shares of British digital inkjet maker Xaar PLC  XAR.L 
fall 6.6% to 164 pence, hitting near one-year low
    ** Xaar stock is the top loser on the FTSE small-cap index
 .FTSC 
    ** Co's H1 pre-tax loss widens to 1.8 mln pounds ($2.23 mln)
from 0.6 mln pounds, a year ago 
    ** H1 revenue also down 6% at 34.5 million pounds, but in
line with co's expectations  
    ** Stock set for biggest one-day pct fall in over 8 months,
if losses hold 
    ** Board remains confident of delivering full-year results
in line with its expectations, co says 
    ** XAR stock down 15.6% YTD
    
    

($1 = 0.8080 pounds)

 (Reporting by Richard Rohan Francis in Bengaluru)
 ((Richardrohan.francis@thomsonreuters.com))