Surface Transforms Plc reports revenue for the new truncated financial year

  • Jan 10, 2020 GMT
  • Team Kalkine
Surface Transforms Plc (LON: SCE) has released a trading update for the period of 7 months to 31 December 2019.
  • Company’s revenue for the seven-month period, which is the new truncated financial year as announced on 15 August 2019, stood at £1,451k, as compared to £512k of seven months to December 2018.
  • As at 31 December, cash was reported at £768k, to which customer receipts of £425k received in the first trading week of January 2020 can be added.
  • The company will be releasing its unaudited report for the six months to 30 November 2019 on 28 February 2020, while it expects to report its audited results for the truncated financial period on 30 March 2020.
  • On 10th January 2020, at the time of writing, GMT 08:09 AM, SCE shares were trading at GBX 19.00, down by 3.50 points or 15.56% against the previous day closing price.

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