News blog
ClearStream Technologies
- BY: Andrew Hore |
- POSTED: 19/08/2008 |
ClearStream Technologies says it will report a second half profit.
The manufacturer of balloon catheters and stents used for heart procedures and for minimally invasive surgery to clear clogged arteries will make a full year loss in the year to July 2008 but that is in line with expectations. Despite this positive news the shares dipped 0.5p to 22p each.
Cost savings and production efficiency improvements have helped to increase gross margins. A wider product portfolio is also helping.
Yesterday, ClearStream announced that is raising £425,000 at 20p a share.
It appears that trading continues to be strong in the early weeks of the current financial year.
Full year results will be announced on 30 October.
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|