22 October 2018 – trading statement
The group has issued a trading update covering the six month period to 30 September and this has revealed that revenues grew strongly in the first half, rising by 194% to £13.95m (2017: £4.75m) whilst adjusted pre-tax profit will be in line with expectations. The group has performed well during the period with export sales representing 89% of revenue, up from 60% in the same period last year. Strong cash flow has resulted in net cash of £12.9m at the end of the period and with further strong growth on the cards the shares remain a BUY.