Zenova Group PLC - London-based fire suppression and interdiction solutions company - Post-tax loss narrows to £478,000 in the six months ended May 31, from £709,000 a year ago. Sales more than halve to £51,000 from £108,000. Chief Executive Officer Thomas Melchior says: ‘This revenue undershoot was due largely to delays in advanced product certification awards required to enter key market segments and weather-related delays at a major customer. Closing recently on additional major sales and distribution agreements further enhances my confidence in the ability of Zenova to scale up and deliver on the increased international interest in Zenova products. We look forward to announcing further positive news in the near future.’
Current stock price: 1.15 pence per share
12-month change: down 76%
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