Cambridge Nutritional Science (CNSL)

Sector:

Health Care

Index:

FTSE AIM All-Share

3.60p
   
  • Change Today:
    -0.050p
  • 52 Week High: 4.35
  • 52 Week Low: 1.73
  • Currency: UK Pounds
  • Shares Issued: 237.95m
  • Volume: 455,064
  • Market Cap: £8.57m

Omega turnover falls in first half

By Josh White

Date: Wednesday 28 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Medical diagnostics company Omega updated the market on its first half of trading on Wednesday, reporting that turnover was expected to be £3.16m, down 29% on the prior period.
The AIM-traded firm said there was a minimal currency effect between revenues for the six months ended 30 September compared to the prior period, with EBITDA expected to come in at a loss of about £1.3m.

It said those results were in line with its expectation at the half-year stage, and reflected a predicted impact on the short-term performance of its food intolerance business due to the Covid-19 pandemic.

Omega said cash at 30 September totalled £6.95m, which was in line with its expectations given the trading performance and capital investment in plant and machinery made to support Covid-19 opportunities.

The board said it remained confident in the company's prospects, and had made "substantial progress" in recent months in positioning the business for a "significantly improved performance" in the second half.

"We are encouraged to see the early signs of recovery in our food intolerance business which we feel has performed well in the context of the wider pandemic impact," said chief executive officer Colin King.

"We are particularly pleased with the company's progress on two fronts - 'Visitect CD4 Advanced Disease' receiving the highest level of regulatory approval in achieving World Health Organization prequalification; and we have made significant progress in developing products in our specialist areas to support the global, and in particular UK, response to the Covid-19 pandemic.

"These achievements position the company for a significantly improved second half performance."

Omega said it would release its interim results for the six months ended 30 September on 30 November.

At 1415 GMT, shares in Omega Diagnostics Group were down 16.02% at 77.68p.

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CNSL Market Data

Currency UK Pounds
Share Price 3.60p
Change Today -0.050p
% Change -1.37 %
52 Week High 4.35
52 Week Low 1.73
Volume 455,064
Shares Issued 237.95m
Market Cap £8.57m

CNSL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
73.19% above the market average73.19% above the market average73.19% above the market average73.19% above the market average73.19% above the market average
83.78% above the sector average83.78% above the sector average83.78% above the sector average83.78% above the sector average83.78% above the sector average
Income Not Available
Growth Not Available

CNSL Dividends

No dividends found

Trades for 15-Jul-2024

Time Volume / Share Price
13:05 50,052 @ 3.51p
12:16 18,000 @ 3.51p
09:54 200,000 @ 3.57p
10:23 15,532 @ 3.51p
09:54 100,000 @ 3.56p

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