StockMarketWire.com - Surface Transforms reduced its H1 pretax loss to £0.37m, from a loss of £0.43m. Turnover was up 38% to £0.56m, from £0.41m.

Surface Transforms said it was trading broadly in line with broker expectations, but noted year-end sales might be slightly lower than previously forecast.

Nevertheless, FY profit and cash were expected to be largely on target.

"Any sales variance will be in road car retrofit sales; whilst we expect the changes to channel and end user pricing to further increase retrofit sales, orders in this segment are short lead times and the buying season is only now beginning."




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