StockMarketWire.com - Advanced materials group Haydale said it anticipated annual results at the lower end of market expectations following a 'challenging few months' refocusing resources and higher-than-expected costs from restructuring activities.
The group's cash position, meanwhile, was impacted by some timing differences, most notably the delayed receipts of R&D tax credits from HMRC. But following the fundraise in March 2019, the company continued to be sufficiently funded.
A new global sales team is now in place and the group is 'set to deliver commercial sales volumes with patented technologies according to plan; and enters the current financial year with a renewed focus and cautious optimism,' the company added.
At 8:55am: [LON:HAYD] Haydale Graphene Industries Plc share price was -0.18p at 1.78p
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