30 September 2024 - interim results
The AIM-listed manufacturer of carbon fibre reinforced ceramic automotive brake discs has announced interim results to 30 June and although these have seen an increase in revenues the company is seeing significant delays to its expansion plans with revenues for the 2024 calendar year now expected to be well below previous expectations. The company is taking action to address the issues it faces but this is yet another disappointing statement and the share price has fallen almost 75% on the news. The company raised £8.9m during the period but due to spending on . . .
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