React Group (REAT)

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73.67p
   
  • Change Today:
    -0.33p
  • 52 Week High: 85.00
  • 52 Week Low: 62.50
  • Currency: UK Pounds
  • Shares Issued: 21.55m
  • Volume: 13,710
  • Market Cap: £15.88m
  • RiskGrade: 389

React profits improve as group streamlines costs

By Iain Gilbert

Date: Thursday 24 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Cleaning and decontamination group React said margins and gross profits improved last year after costs were streamlined as part of the firm's ongoing transformation.
React told investors on Thursday that it now expects revenue for the year ended 30 September to reach approximately £3.1m, slightly lower than the previous year's figure of £3.3m.

However, the AIM-listed firm said gross margins had materially improved and were up by more than 700-basis points to just over 28%, generating unaudited gross profits of approximately £880,000.

React said cash conservation continued to be a "primary focus" and that its net cash position had risen to £440,000 from £423,000 throughout the course of the year.

With the growth in gross profit, alongside greater control of costs and cash management, React said it expects its final results to demonstrate "a material improvement" in comparison to the prior year period.

Chairman Gill Leates said: "We have prioritised quality of earnings following the restructuring of the business earlier in the year, focusing on specialist cleaning and decontamination markets in which our capabilities are strongest and most valued.

"This has led to improvements in cost management, operating margins and cash collection."

As of 1110 BST, React shares had ticked up 0.65% to 0.39p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

React Group Market Data

Currency UK Pounds
Share Price 73.67p
Change Today -0.33p
% Change -0.45 %
52 Week High 85.00
52 Week Low 62.50
Volume 13,710
Shares Issued 21.55m
Market Cap £15.88m
RiskGrade 389

React Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.24% below the market average17.24% below the market average17.24% below the market average17.24% below the market average17.24% below the market average
34.78% above the sector average34.78% above the sector average34.78% above the sector average34.78% above the sector average34.78% above the sector average
Price Trend
46.34% above the market average46.34% above the market average46.34% above the market average46.34% above the market average46.34% above the market average
26.00% above the sector average26.00% above the sector average26.00% above the sector average26.00% above the sector average26.00% above the sector average
Income Not Available
Growth
83.14% above the market average83.14% above the market average83.14% above the market average83.14% above the market average83.14% above the market average
83.67% above the sector average83.67% above the sector average83.67% above the sector average83.67% above the sector average83.67% above the sector average

React Group Dividends

No dividends found

Trades for 17-Jun-2024

Time Volume / Share Price
12:32 15 @ 74.10p
08:09 13,695 @ 73.02p

React Group Key Personnel

CEO Shaun Doak
CFO Spencer Dredge

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