CAP-XX says full-year results will be in line

(ShareCast News) - CAP-XX, a manufacturing of thin-form supercapacitors and energy management systems, said its full-year results will be in line with expectations.The group's sales rose 10% to $4.4m for the full year 30 June 2015 driven by its new business areas of automotive and Thinline.Furthermore, it expects to report net loss of $1.95m compared to $2.54m last year thanks to the reduction of manufacturing costs.The decline in full-year loss also results from the completion of the launch of Thinline and the development of automotive products.Chief executive Anthony Kongats said the year was a "transformational " one and views the coming financial year with "increasing confidence supported by recent product investments and encouraging activity levels".As a result, shares rose 6.85% to 5.77p on Tuesday at 16:07.