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Interim Results

Accsys losses narrow

30 November 2015 07:52

Accsys Technologies posts a pre-tax loss of £0.1m for the six months to the end of September - down from £6.2m last time.

Total group revenues rose by 21% to £26.3m and the group reports underlying earnings before interest, tax, depreciation and amortisation of £1.3m agaijst a loss of £1.9m last time.

Chief executive Paul Clegg said: "Our latest set of results confirms that our manufacturing process generates increasing returns, giving us greater confidence to progress with our objective of ensuring we maintain a share in new manufacturing capacity. Not only have we seen a significant improvement in profitability in the period, but a number of important strategic steps have been taken in respect of the proposed formation of the new Tricoya consortium and the relationship with Solvay, enabling us to ensure that the ever-increasing demand for our products can be met in the future."

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