Verditek PLC - London-based company producing solar panels - Revenue for first half of 2021 totals GBP105,097 versus nil in same period a year ago. Pretax loss widens to GBP1.2 million, however, from GBP918,177. Books direct costs of GBP565,312 versus nothing a year ago. It says: "As announced in June, the group suffered a theft of stock at its plant in Lainate, Italy. Whilst we remain hopeful that the stock might still be recovered, a charge of approximately GBP300,000 has been included in the interim accounts." Says outlook for second half of year improving. "Despite recent headwinds, we continue to see positive opportunities for Verditek and believe the significant investment into the development of our flexible, lightweight solar panels will soon bring about meaningful financial reward," it says.
Current stock price: 3.49 pence, up 14% on Thursday
Year-to-date change: down 61%
By Lucy Heming;Â lucyheming@alliancenews.com
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