Business
Final Results for the year to 31 March 2023
Final Results for the year to 31 March 2023.
About this update from Sulnox Group Plc
[{"type":"text","content":"\n\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310. \nThe directors take responsibility for this announcement.\n \n5 September 2023\nSulNOx Group Plc (the \"Company\" or \"SulNOx\")\n \nFinal Results and Audited Annual Report and Accounts for the Year to 31 March 2023\n \n(Aquis Stock Exchange: SNOX)\nFinal Results\nThe Board of Directors of SulNOx is pleased to announce the publication of the audited annual report and accounts for the year to 31 March 2023 (the \"Annual Report\").\nThe Annual Report will be published on the Company's website in compliance with its articles of association and the electronic communications provisions of the Companies Act 2006. A copy of the Annual Report can also be accessed through the link below.\nAnnual Report -http://www.rns-pdf.londonstockexchange.com/rns/4545L_1-2023-9-5.pdf \nKey extracts from the Annual Report can also be viewed below.\n\n- Ends -\n \nFor further information please contact:\n \n\n\n\n\nSulNOx Group plc Steven Cowin, CFO\n \n\n\[email protected]\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAllenby Capital Limited\n(AQSE Corporate Adviser)\nNick Harriss / John Depasquale\n \n\n\nTel: 020 3328 5656\n\n\n\n\n \nChairman's Statement\n \nOverall, the financial year to 31 March 2023 has proven to be a challenging year for SulNOx. As the global economy transitioned toward the endemic phase and economic activities continue to normalize, oil prices stabilized and the ongoing war in Ukraine provided a sense of uneasiness in terms of economic forecasts. Nevertheless, despite delayed testing results, an uncertain business landscape, and a reshuffling of the management team, we managed to increase sales by £169,554 / 505.8% and successfully attracted new strategic investors. The Board believes this will now help to bring about increased visibility of the SulNOx product, expand our strategic partnerships and finally, leverage the successful trial data; this should persuade hesitant clients about the carbon emission impact and fuel savings that SulNOx brings to the table which in turn will lead to significant revenue generation.\nThe Group remains resilient in its goal to deliver value to shareholders, despite the chall...