StockMarketWire.com - Pesticides group Plant Health Care posted a narrower first-half loss after it cut back on R&D and marketing expenses, amid a fall in sales.

Pre-tax losses for the six months through June amounted to $2.8m, compared to losses of $5.0m on-year. Revenue fell 11% to $2.7m.

Executive chairman and interim chief executive Christopher Richards said the group's commercial business was expected to generate 'material' Ebitda in 2019, for the first time.

'We are confident of achieving material revenue growth in 2019 despite macro-level market-driven challenges, although revenue will be slightly lower than previous expectations,' he said.


At 8:31am: [LON:PHC] Plant Health Care PLC share price was +0.28p at 7p



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