StockMarketWire.com - Applied Graphene Materials posts a pre-tax loss of £1.2m for the six months to the end of January - up from £398,887 last time.

Losses before interest, tax, depreciation and amortisation rose to £820,270 from £397,713.

Chief executive Jon Mabbitt said: "The board was delighted with the investor response to our admission to AIM in November 2013 and the funds raised have allowed us to begin the next phase of development and growth of Applied Graphene Materials.

"The group has made good progress in the short period of time since being admitted to AIM, and is now putting in place the building blocks to help us realise the potential of the business. The Group now enjoys a higher profile within its target markets that has helped generate more customer collaborations.

"This, combined with the key new hires we have made since admission, our continued focus on our manufacturing and graphene dispersion processes, and the enhancement levels graphene can offer our growing number of partners leave us well placed to meet the growing global demand for graphene."








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