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Haydale Graphene expects recovery after tougher than expected 2017

Ray Gibbs, chief executive of Haydale Graphene Industries PLC (LON:HAYD), tells Proactive Investors they're expecting to generate revenues of between £3.45mln and £3.60mln for its current financial year.

He says they made 'significant progress' in the year but suffered in the second half from a combination of timing differences of recognising revenue before the financial year end and longer than anticipated lead times by customers to reach commercial volumes.

Gibbs thanks shareholders for their support over the period and adds: ''It's taken a little longer than we thought, that's not an unusual thing to happen in business but we're on track to get to some serious growth''.

 

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