LONDON (Alliance News) - Cleaning products company Byotrol PLC saw its shares rise early Thursday after it said it expects a narrower loss for its recently-ended financial year as sales rose on the back of strong petcare and professional product sales, and said it is set for further growth as it nears a deal getting its products into the UK's National Health Service and its entrance to the US market.
The maker of hand and foot sanitizers, products for anti-bacterial cleaning sprays, and pet odour products said it expects its loss before interest, taxation and depreciation, exluding one-off costs and share option charges, to be about GBP425,000 for the financial year to the end of March, narrowed from a GBP1.1 million loss a year earlier. It expects sales to rise to GBP3.2 million from GBP2.8 million.
The company says it is confident it will grow further in the coming year and said it is progressing towards securing regulatory approval to launch its products in the US market. The group also said it has been developing new commercial partnerships in the past year and has reached heads of agreements with a number of companies, including with facilities management company ISS Group on surface care opportunities in the NHS in the UK.
The group will release its full year results in early June.
Byotrol shares were up 14% to 3.7 pence in early trade, one of the best performers in the AIM All-Share.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
