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Catalyst loses interim £1.3m

Companies: OCG   
25/09/2008

First-half losses at leading clean fuel catalyst innovator, Oxford Catalysts Group, rose 160 per cent to £1.3 million.

The AIM-quoted company nearly doubled turnover to £158,000 in the six months to June, but the company says its cash burn peaked during the period. This was because of office and laboratory expansion, which is now complete, and chairman, Pierre Jungels, is bullish.

At 171p, the shares value the company at £69.4 million.

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