13 February 2018
Itaconix plc (“Itaconix”) Year End Trading Update - Positioned for Growth
Itaconix, a leading innovator in sustainable performance polymers, today announces a trading update for the year ended 31 December 2017.
Itaconix is a leader in bio-based polymers based on itaconic acid. The Company uses an established proprietary process with break-through economics to produce unique or enhanced ingredients for the homecare, personal care and industrial markets.
Key provisional unaudited financial measures for the year ended 31 December 2017 were:
2017 (unaudited) 2016
| Revenue |
£0.6m |
£0.3m |
| Group Operating Loss* |
£5.2m |
£5.2m |
| Cash |
£3.6m |
£8.8m |
*: Group Operating Loss is stated before the non-cash impairments disclosed below.
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