Surface Transforms - Interim Results
AimZine Microcap Comment
The financial results from Surface Transforms were as expected but there was further information released on the "game changing" contracts. If all were to go to plan these contracts have the potential to lead to a ten fold increase in revenues.
Surface Transforms http://www.surface-transforms.com/ Surface Transforms today (Wednesday, 3rd February) issued its Interim Results for the six months to 30 November 2015. The Company reported that turnover increased to £782k (2014: £623k) and that the after tax loss for the period had reduced to £124k (2014: £254k). Part of the improved performance was due to a catch up in sales following a furnace break down in May 2015. Cash was reported at £525k which was down from £829k at the 31 May 2015 year end. However, the Company expects that reported net current assets will convert to cash over the next…