Avacta Group - Growth but not plain sailing
Avacta issued its preliminary results for the year to 31 July 2012 on 25 October in which the Group reported “solid commercial progress despite a challenging economic backdrop”.
Whilst it was encouraging to see Avacta’s year on year revenue had grown by 28% to £3.13 million this figure was well below original forecasts.
Avacta issued its preliminary results for the year to 31 July 2012 on 25 October in which the Group reported “solid commercial progress despite a challenging economic backdrop”.
Whilst it was encouraging to see Avacta’s year on year revenue had grown by 28% to £3.13 million this figure was well below original forecasts. Furthermore, the reported loss after tax increased from £1.12 million in 2011 to £1.60 million (an increase which the Company describes as…
