Business
AGM Statement
AGM Statement.
About this update from Directa Plus Plc
[{"type":"text","content":"\n \n \n 17 June\n 2022\n \n \n \n \n \n \n \n \n Directa Plus plc\n \n \n \n (\"Directa Plus\" or the \"Company\")\n \n \n \n \n \n \n \n \n AGM Trading Update\n \n \n \n \n \n \n \n \n Directa Plus (AIM: DCTA), a leading producer and supplier of graphene-based products for use in consumer and industrial markets, provides an update on the current financial year to 31 December 2022 ahead of its Annual General Meeting to be held later today.\n \n \n \n \n \n As announced in the Final Results on 5 May 2022, Directa Plus was trading in line with FY2021 during the first quarter of the year. Pleasingly, the Company has seen an acceleration in trading in the last two months and revenue to the end of May 2022 was 4.60 million, approximately 44% ahead of the same period last year, driven by growth across all of its commercial verticals, with the Company's sales in line with expectations. The Company continues to work to mitigate inflationary pressure on costs while maintaining increased investment in operations.\n \n \n \n \n \n Directa Plus remains optimistic on its ability to secure a very material contract for which it has tendered via the Company's subsidiary, Setcar, for Environmental Remediation services. The Company now expects a decision on the tender in early H2 2022. The contract is significantly larger than anything secured to date and, if awarded, it is expected to commence by year end.\n \n \n \n \n \n The Board is encouraged by the significant progress made in the financial year to date, with accelerated growth rates enabled by the successful fundraise at the end of 2021. The Company's strategy to invest in high value opportunities in key verticals remains in place, with a particular focus presently on US markets. Directa Plus is seeing accelerated traction for Environmental Remediation and Textiles and sees high potential for entry into international filtration markets, paints and Lithium Sulphur batteries with blue chip partners. The Board looks forward to updating investors on progress in due course.\n \n \n \n \n \n For further information please visit\n \n \n http://www.directa-plus.com/\n \n \n or contact:\n \n \n \n \n \n \n \n \n \n \n Directa Plus plc\n \n \n \n \n \n +39 02 36714458\n \n \n \n \n \n \...