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Itaconix sees first-half losses narrowing

By BFN News | 01:58 PM | Wednesday 17 July, 2019


Specialty plastics group Itaconix said it expected to post a narrower first-half operating loss following an increase in sales. The company said it expected to post an Ebitda loss of £1.0m compared to a loss of £2.4m on-year. Revenue had risen 59% to £0.5m, reflecting demand for the company's detergent, odour control and hair styling polymers. Itaconix said the reduced loss also reflected efforts to reduce its cost base. At 1:58pm: (LON:ITX) Itaconix Plc share price was +0.15p at 2.55p Story provided by StockMarketWire.com

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