Byotrol on 'cusp' of profitability, says board

A poor six months for Byotrol weren't enough to dampen the board's spirits on Thursday morning.

FTSE AIM All-Share

728.67

15:45 15/11/24

n/a

Revenue at the AIM-listed professional cleaning products manufacturer was down slightly on the same period last year, from £1.554m to £1.409m.

Gross profit was up from £502k to £532k, though administration and other costs ate into that sizeably to bring a comprehensive loss for the period of £449k, compared with £370k last year.

Chief executive David Traynor said the company was in "reshaping" mode.

"Since our restructuring in late 2013, the board has been trying to stabilise the core business, absorb the new significant regulatory costs and invest in the areas that we believe will secure the long-term growth and profitability."

"We believe we are now on the cusp of completing that programme", he added.

Traynor described the second half of this year as being "pivotal" for the company.