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Results: SCE

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Surface Transforms – argues sales growth “very encouraging”… what about the bottom-line & cash position?

Surface Transforms (SCE) has updated including emphasising “this significant acceleration in sales growth in the period is very encouraging… discussions with potential OEM customers are progressing well and the company still expects to be able to make significant contract announcements during the new 2020 financial year” and that it “has now received full regulatory approval from the UK Environmental Agency for all the new furnaces in OEM Cell One”. Sounds encouraging…


Surface Transforms – “a high degree of confidence in accelerating sales growth”… so also in the balance sheet position?

Developer and manufacturer of carbon ceramic brakes products Surface Transforms (SCE) has announced results for its year ended 31st May 2019, emphasising “the past 15 months, and more particularly the three-month period of contract awards since 31 May 2019, have been transformational in the development of Surface Transforms. The company now has multi-year, multi million revenue contracts”. Sounds good – but the shares are currently little changed at still sub 20p…

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