StockMarketWire.com - Surface Transforms reports that in respect to growth it has shown a continuing 19.1% increase in sales between the first half of FY 12 and first half FY13.

However this number is still disappointing to the Board as growth had been expected to be higher; sales were negatively impacted by a brake system technical problem - now resolved - which led to a temporary reduction in deliveries to the retrofit automotive brake market for two months.

In the 6 months to 30 November 2012, revenues were £405k (2011: £340k) which was 19.1% higher than last year. Losses after taxation before exceptional restructuring costs were slightly higher at £298k (2011: £273k) although EBITDA at £192k (2011: £201k) improved over the period. The Company had a cash balance of £391k (2011: £655k)and loss per share was 1.06p (2012: 0.85p).






At 8:28am: [LON:SCE] Surface Transforms share price was -1p at 10p



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