React Group (REAT)

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FTSE AIM All-Share

72.33p
   
  • Change Today:
    -1.17p
  • 52 Week High: 85.00
  • 52 Week Low: 62.50
  • Currency: UK Pounds
  • Shares Issued: 21.55m
  • Volume: 4,636
  • Market Cap: £15.59m
  • 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 72.33p
Change Today -1.17p
% Change -1.59 %
52 Week High 85.00
52 Week Low 62.50
Volume 4,636
Shares Issued 21.55m
Market Cap £15.59m
RiskGrade 389

React Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.55% below the market average15.55% below the market average15.55% below the market average15.55% below the market average15.55% below the market average
35.48% above the sector average35.48% above the sector average35.48% above the sector average35.48% above the sector average35.48% above the sector average
Price Trend
50.50% above the market average50.50% above the market average50.50% above the market average50.50% above the market average50.50% 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
84.45% above the market average84.45% above the market average84.45% above the market average84.45% above the market average84.45% above the market average
87.10% above the sector average87.10% above the sector average87.10% above the sector average87.10% above the sector average87.10% above the sector average

React Group Dividends

No dividends found

Trades for 26-Jun-2024

Time Volume / Share Price
12:17 3,000 @ 72.03p
10:20 1,636 @ 73.10p

React Group Key Personnel

CEO Shaun Doak
CFO Spencer Dredge

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