StockMarketWire.com - Specialist cleaning and decontamination company React Group expects revenue for the financial year ended 30 September 2019 to be approximately £3.1m, slightly lower than the £3.3m reported last year.

The group said gross margins have materially improved, up more than 700 basis points to just over 28%, generating gross profit of approximately £0.88m, up 28% from £0.69m in 2018.

Executive chairman Gill Leates said, 'We have prioritised quality of earnings following the restructuring of the business earlier in the year, focusing on specialist cleaning and decontamination markets in which our capabilities are strongest and most valued. This has led to improvements in cost management, operating margins and cash collection.'

At 9:18am: [LON:REAT] React Group Plc share price was +0.02p at 0.41p



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