(Alliance News) - Byotrol PLC on Friday highlighted healthy trading levels as it said results for financial 2021 will meet expectations.
The developer of consumer and professional antimicrobial technologies and products highlighted good trading across all business units and product sales, also hailing "robust" demand for intellectual property licensing.
Byotrol added its expects results for its financial year ending March 31 to meet current market forecasts as global demand increases amid the Covid-19 pandemic and competitors with weaker performance continuing to withdraw from the market in the UK and Europe.
For its 2020 financial year ended March 31, the company posted pretax loss of GBP43,000 on revenue of GBP6.1 million.
Shares in Byotrol were trading 7.7% higher at 6.65 pence each on Friday afternoon in London.
By Ife Taiwo; ifetaiwo@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.