By Iain Gilbert
Date: Monday 26 Jul 2021
LONDON (ShareCast) - (Sharecast News) - Agricultural products developer Plant Health Care said on Monday that interim revenue growth had been offset by a modest decrease in gross margins and higher operating expenses.
Plant Health stated that revenues had grown 13% to $3.5m in the six months ended 30 June, driven by increased sales in the US and Europe.
However, the AIM-listed firm also cautioned that gross margins had contracted from 59% to 56% due to currency effects and added that operating expenses had increased 18% throughout the half to $4.7m.
Cash used in operations decreased 29% to $1.5m.
Chief executive Dr Christopher Richards said: "The world remains an uncertain place, as shown by the effects of Covid-19 on sales in Brazil and Mexico.
"The board expects trading for the full year to be in line with management expectations."
As of 1045 BST, Plant Health shares were down 4.79% at 13.90p.
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Currency | UK Pounds |
Share Price | 5.65p |
Change Today | 0.72p |
% Change | 14.60 % |
52 Week High | 10.90 |
52 Week Low | 3.20 |
Volume | 1,541,650 |
Shares Issued | 341.53m |
Market Cap | £19.30m |
RiskGrade | 304 |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
Time | Volume / Share Price |
16:35 | 1 @ 5.65p |
16:35 | 1 @ 5.65p |
16:17 | 20,000 @ 5.65p |
16:11 | 110,000 @ 5.70p |
15:18 | 31,051 @ 5.60p |
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