StockMarketWire.com - Industrial cleaning company React Group reported a narrower first-half loss amid rising sales.

Net losses for the six months through March amounted to £59k, compared to losses of £306k on-year.

Revenue rose 8% to £1.6m, while gross profit rose 23% to £419k.

'React Groupis beginning to experience the benefits of recent restructuring, reporting an increase in turnover alongside rationalisation of the cost base and better debt collection,' executive chairman Gill Leates said.

'Through restructuring and strategic focus React is beginning to position itself well for future development.'

'With the restructuring largely behind us and an experienced management team now in place, the focus is on building a scalable business producing profit and generating cash.'




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