Directa Plus reports positive preliminary results for 2017

Directa Plus has provided a trading update for the year that has recently ended. The Company states that it has performed well during the second half of 2017 with revenues more than doubling over those achieved for the first half. As a result, the Board anticipates reporting full year 2017 revenue of approximately €0.9 million.

The financial position of the Company remains robust with year-end cash and cash equivalents expected to be approximately €7 million.

Chief executive Giulio Cesareo said: "This year has been characterized by the development and introduction of ground-breaking new products and marked performance enhancements to existing materials when combined with our G+ graphene". "We have entered 2018 with a much-improved order book compared with last year and, accordingly, the Board looks forward to 2018 with growing confidence".

Posted: Jan 15,2018 by Roni Peleg