Surface Transforms widens FY pretax loss

Surface Transforms has widened its FY pretax loss to £1.15m, from a loss of £0.98m. Revenues rose to £0.3m to £1.4m.

"The Company expects sales in the FY 2016-17 to be flat when compared with FY 2015-16 and to also return to a historically more typical split between first half-year and second half-year sales than was seen in the current FY 2015-16," the company said.

"As a result the first half sales of FY 2016-17 will be below the first half sales of FY 2015-16 even if the sales for the year are unchanged."