Dunlop Aerospace income for UK carbon fibre reinforced ceramic material developer expected to fall.
Shares in Surface Transforms were out of favour after the maker of carbon fibre reinforced ceramic materials warned that second-half revenues are expected to decline because of the loss of income from the Dunlop partnership.
First-half sales increased but pretax losses widened to rise to 180,277 (GBP) on lower research and development tax credits and grants.
The company said it is developing new business revenue streams in the automotive and aircraft brake markets, and is maintaining its increased investment in operating and development activities.
The contract with Dunlop Aerospace was heralded as the most significant contract for Surface Transforms when news surfaced last May.
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