The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAGM.L Share News (AGM)

  • There is currently no data for AGM

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Applied Graphene Materials Full-Year Results To Beat Expectations

Fri, 18th Sep 2015 07:31

LONDON (Alliance News) - Applied Graphene Materials PLC Friday said that its overall trading performance in its full financial year was slightly ahead of company expectations.

Shares in Applied Graphene were trading up 15% at 215.00 pence early Friday.

The graphene materials producer said that during the year ended July 31, it significantly broadened the pipeline of identified collaboration opportunities, and provided over 120 evaluation samples to customers in more than 20 countries, with more evaluation quantities provided in the final quarter than in the previous nine months combined.

It also received its first patent approval from the Japanese Patent Office, generated positive data from independent coatings and oil trials, and ran promotional activity at 25 major international exhibitions in target market sectors.

"The board remains pleased with the progress achieved across these areas and more importantly, the increased pace of progress and momentum as the year has progressed," Applied Graphene said in a statement.

The company added that since the year end, it has been working on joint development agreements and programmes, including a collaboration with Millers Oils.

"Such collaborations represent an important milestone on the route to production orders and a fuller update will be provided with the full year results in November. The precise timetable to production orders remains to be determined, and whilst these collaborations are not expected to result in significant revenue for the business during 2016, the board considers that the traction achieved provides compelling evidence of the benefits of graphene and the value that Applied Graphene Materials can add," the company said.

Applied Graphene added that following the two full-week periods of 24-hour continuous running it undertook in its last financial year to support customer demand, it expects to commence this again later in the new year as demand increases.

It will also increase the capacity of its existing proprietary manufacturing process and invest in additional complementary production techniques in order to satisfy the full range of market opportunities that exist for graphene.

By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
11 Jan 2016 16:21

DIRECTOR DEALINGS: Applied Graphene Directors Take Part In Placing (ALLISS)

Read more
18 Dec 2015 10:48

Applied Graphene To Raise Up To GBP10.1 Million In Placing, Open Offer (ALLISS)

Read more
16 Nov 2015 09:53

Applied Graphene Materials Loss Widens Due To Investments

Read more
23 Oct 2015 06:49

Applied Graphene Enters Into Joint Venture With Paralube Germany

Read more
18 Sep 2015 11:01

LONDON MARKET MIDDAY: US Futures Point Lower As Fed Decision Digested

Read more
18 Sep 2015 09:17

WINNERS & LOSERS SUMMARY: UDG Healthcare Surges After McKesson Deal

Read more
18 Sep 2015 06:49

Revolymer Appoints Bryan Dobson Chairman As John Keenan Retires

Read more
17 Jun 2015 09:48

Applied Graphene Materials rises following first patent approval

Shares in specialty graphene materials maker Applied Graphene Materials rose over 4% on the news it gained its first patent approval. Applied Graphene Materials shares were trading at 235p at 10:10 on Wednesday, after the company said it has Japanese patent approval for its graphene production proc

Read more
17 Jun 2015 07:18

Applied Graphene Buoyed As It Gets First Production Process Patent

Read more
14 May 2015 09:26

Applied Graphene Gets Positive Results From Base Oil Tests

Read more
12 May 2015 07:35

IP Group Sees Positive Start With 2015 As Portfolio Fair Value Rises

Read more
17 Apr 2015 16:38

London close: Stocks drop 0.9% in volatile session amid Greek worries

UK stocks dropped sharply on Friday with the FTSE 100 finishing below the 7,000 level for the first time in seven sessions, after a terminal blackout and changes in Chinese trading regulations. After a positive start, the Footsie ended 65.82 points lower (-0.93%) at 6,994.63, its lowest finish since

Read more
17 Apr 2015 12:02

London midday: Bloomberg outage, Chinese regulations send stocks into the red

After a solid start UK stocks sank into the red by Friday lunchtime, moving further away from recent records amid a blackout on Bloomberg computer terminals and new regulations in China on short-selling. Bloomberg's trading and information units are heavily relied upon by roughly 320,000 people arou

Read more
17 Apr 2015 11:14

LONDON MIDDAY BRIEFING: Conservatives Get A Lift From Jobless Fall

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.