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Image Scan Holdings PLC - Leicestershire, England-based X-ray imaging systems provider - Reports a pretax loss of £345,000 in the six months to March 31, reflecting a substantially wider loss from £201,000 a year before.
Blames this on operating expenses which increase 10% to £752,000 from £682,000 and lower revenue. Posts revenue of £790,000, down 9.0% versus £868,000. Says that this shows a ‘sluggish recovery’ of its markets from the pandemic.
Expects a stronger performance in the second half. Warns it is unlikely that the second half will be be sufficiently strong enough to recover the loss of the first half. Expects to trade in line with market expectations for the whole year to September 30.
Current stock price: 2.52 pence, down 10% on Wednesday
12-month change: down 14%
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