Niox trading in line with expectations
Niox Group
63.20p
17:15 20/12/24
0.96%
0.60p
Asthma-focussed medical device company Niox said in an update on Wednesday that it continued to perform strongly in the year to date, meeting management expectations.
FTSE AIM 100
3,439.31
17:04 20/12/24
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FTSE AIM 50
3,880.91
17:04 20/12/24
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710.60
17:04 20/12/24
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Health Care Equipment & Services
10,620.84
17:14 20/12/24
-0.67%
-71.28
The AIM-traded firm, which was holding its annual general meeting, noted that it settled returns claims totaling £0.4m in January, related to its discontinued business operations.
As of 30 April, the unaudited cash balance for Niox was £23.7m, up from £19.9m at the end of December 2023, with the company maintaining a debt-free status.
Niox said it would provide a trading update for the six months ending 30 June in mid-July.
At 1240 BST, shares in Niox Group were up 1.1% at 73.4p.
Reporting by Josh White for Sharecast.com.