SulNOx Group PLC Q2 Trading Statement (0095S)
November 01 2023 - 3:00AM
UK Regulatory
TIDMSNOX
RNS Number : 0095S
SulNOx Group PLC
01 November 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310
1 November 2023
SulNOx Group Plc (the "Company" or "SulNOx")
Second Quarter Trading Update
(Aquis Stock Exchange: SNOX)
The board of the directors of the Company (the "Board")
announces the following second quarter trading update:
-- Unaudited 2Q24 revenues of GBP53,526 (1Q24 - GBP82,197 / 2Q23 - GBP37,172).
-- Q2 2024 has seen revenues increase on the same period of the
prior year but decrease on Q1 as the company focussed on
significant evaluations already underway in the quarter, additional
fund raises, and restructuring to secure the future success of the
business. There has been continued progress in business development
that we expect to convert in the current financial year.
-- Cost management has continued throughout the quarter and will remain as an ongoing focus.
-- Unaudited cash balance of GBP562,257 (GBP839,137 as at 30 June 2023).
-- Additional funds raise of GBP700,000 from an existing
substantial shareholder post quarter end.
- Ends -
For further information please contact:
SulNOx Group plc steven.cowin@sulnoxgroup.com
Steven Cowin, CFO
Allenby Capital Limited Tel: 020 3328 5656
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
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END
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