Cambridge Nutritional Science (CNSL)

Sector:

Health Care

Index:

FTSE AIM All-Share

 3.65p
   
  • Change Today:
      0.000p
  • 52 Week High: 4.35
  • 52 Week Low: 1.73
  • Currency: UK Pounds
  • Shares Issued: 237.95m
  • Volume: 455,064
  • Market Cap: £8.69m

Omega Diagnostics FY revenues contract

By Iain Gilbert

Date: Monday 17 Apr 2023

LONDON (ShareCast) - (Sharecast News) - Medical diagnostics company Omega said on Monday that revenues had contracted in the twelve months ended 31 March.
Omega expects to report annual revenues of £7.5m from continuing operations, down from £8.6m a year earlier. However, with lower-than-expected production yields and higher raw material costs, the group also expects to post an underlying loss of approximately £2.0m.

Whilst Omega stated it remains confident that the new trading year will be one of "significant revenue growth" and an "improving EBITDA performance", it kept its full-year guidance under review until the results of Chartwell Consulting's production improvement plan are known.

Elsewhere, the AIM-listed group highlighted that its new, purpose-built facility in Cambridgeshire has yet to be delivered by the landlord, with the company rejecting the terms of the landlord's current proposal for the delivery of the site and continuing to consider all of its options in this regard.

On another note, Omega added that it remains in an ongoing dispute with the Department of Health and Social Care regarding the potential repayment of a pre-production payment of £2.5m under a contract to manufacture Covid-19 lateral flow tests and a "substantial counterclaim" made in favour of the company.

"A formal mediation meeting is scheduled to take place in late April, although it is not clear what the outcome of this meeting will be or whether the outcome will be disclosable due to confidentiality arrangements," noted Omega.

As of 1415 BST, Omega shares were down 5.86% at 2.73p.





Reporting by Iain Gilbert at Sharecast.com

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CNSL Market Data

Currency UK Pounds
Share Price 3.65p
Change Today 0.000p
% Change 0.00 %
52 Week High 4.35
52 Week Low 1.73
Volume 455,064
Shares Issued 237.95m
Market Cap £8.69m

CNSL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
73.17% above the market average73.17% above the market average73.17% above the market average73.17% above the market average73.17% 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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