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Surface Transforms posts loss as R&D spending weighs

By BFN News | 07:47 AM | Friday 28 February, 2020


Ceramic materials manufacturer Surface Transforms booked a first-half loss after rising sales were offset by R&D spending. Pre-tax losses for the seven months through December amounted to £1.76m, compared to losses of £1.51m for he six months through December 2018. The company had changed its balance date to 31 December, from 30 November. Revenue more than doubled to £1.45m. 'The board continues to expect gross margin percentages and overheads to be in line with previous guidance,' Surface Transforms said. Story provided by StockMarketWire.com

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