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Catalytic Solutions Inc

  • BY: Andrew Hore |
  • POSTED: 05/05/2010 |

Catalytic Solutions Inc is still in discussions with its lender in order to renew facilities that expired on 30 April.

The catalysts and emission control systems developer reported a 4% fall in revenues to $50.5m in 2009. The loss from continuing operations declined from $19.9m to $9.5m.

There was $2.2m of cash in the bank at the end of March 2010. The current portion of long-term debt is $3m. Catalytic needs more cash in order to continue trading.

At 1.625p a share, down 0.25p on the day, Catalytic is valued at around £1m.

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