Business
Final Results for the Year to 31 December 2018
Final Results for the Year to 31 December 2018.
About this update from Directa Plus Plc
[{"type":"text","content":"\n \nRNS Number : 4148W Directa Plus PLC 17 April 2019 \n\n17 April 2019\n \nDirecta Plus plc\n(\"Directa Plus\" or the \"Company\")\n \nFinal Results for the Year to 31 December 2018\n \nDirecta Plus (AIM: DCTA), a producer and supplier of graphene-based products for use in consumer and industrial markets, announces its final results for the 12 months ended 31 December 2019.\n \nDirecta Plus's focus is principally on the two sectors where it has established strong commercial advantage through developing and launching products with a technological lead: Environmental, based on our Grafysorber® product for treating oil contaminated water; and, Textiles (based on our G+ products and technology). \n \nFinancial highlights\n· Product and service sales revenue more than doubled to €2.25m (2017: €0.95m), total income (including grants) also more than doubled to €2.50m (2017: €1.23m)\n· Loss after tax €3.96m (2017: €3.95m)\n· Successful placing to raise £3.45m in December, with £1.32m received post period end\n· Cash and cash equivalents at year end of €5.50m (2017: €6.93m), increased by placing proceeds of €1.47m received in January 2019\n \nProven, successful strategy maintained\n· Target existing products and markets that can be significantly improved with the addition of Directa Plus products\n· Focus on those vertical markets in which the Company can gain strong traction - textiles, environmental, elastomers and composites\n· Seek further agreements with companies that have international footprints to use as springboards to wider global markets\n· Maximise revenue opportunities by supplying expertise, know-how and services as well as materials\n· Sharing in the proceeds of customers' growth from new products alongside supplying an essential ingredient\n \nTarget market progress\nTextiles\n· Workwear: new orders received from Alfredo Grassi\n· Denim: new products launched with Arvind\n· Ski wear: third collection launched with Colmar\n·&n...