Velocys Plc Reports Revenue Of £22,000 In H1 FY19

  • Sep 18, 2019 BST
  • Team Kalkine
  • Velocys Plc (AIM: VLS) announced its half year results for the period ended 30 June 2019.
  • The company reported revenue of £22,000 compared to £392,000 of H1 2018.
  • The operating loss of the company stood at £5.2 million before exceptional items, as compared to a loss of £11.0 million in H1 2018, before exceptional items.
  • The company reported a cash outflow £5.1 million for the reported period as compared to a cash inflow of £8.9 million in H1 2018.
  • On 18th September 2019, at the time of writing, GMT 08:04 AM, VLS shares were trading at GBX 2.66, down by 0.05 points or 1.84% against the previous day closing price.

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