Applied Graphene Materials 1st Half Loss Widens
March 25 2015 - 4:30AM
Dow Jones News
LONDON--Industrial materials company Applied Graphene Materials
PLC (AGM.LN) posted wider losses in the half year ended January
31.
The company reported a pretax loss of 1.9 million pounds ($2.8
million), up from a loss of GBP1.2 million the previous year, on
revenue up to GBP13,000 from GBP2,000.
"Whilst the precise point at which customer demands turn into
production scale orders is customer dependent and therefore remains
difficult to predict, the progress that we have made means that we
are well placed to be able to respond rapidly to meet customer
requirements and to satisfy anticipated demands as they arise,"
said Chief Executive Jon Mabbitt.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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