LONDON (ShareCast) - (ShareCast News) - Cleaning and decontamination specialist firm React Group posted what it called "very disappointing" results from its full year's trading, noting however that trading in its second half had shown "signs of improvement".
React reported revenue of approximately £2.65m in the half, bringing it to a loss of around £400,000 thanks to various one-off costs relating to the restructuring of its board and the closure of its waste cleaning subsidiary EPUK in December of 2016.

The company held a net cash position of £629,000 as of 30 September.

"Over the past few months the new management team has put in place a number of significant cost savings and better overall financial controls," the AIM-listed company said in a trading update on Friday.

"Trading in the second half has started to show signs of improvement and the new team is being invited to tender for more contracts than in the past," the investor note added.

As of 1040 GMT, shares were untraded at 0.450p.

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