IN BRIEF: Science in Sport suspended due to audited results delay

Science in Sport PLC - London-based sports nutrition company - Says it is unable to publish 2022 ...

Alliance News 3 July, 2023 | 2:23PM
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Science in Sport PLC - London-based sports nutrition company - Says it is unable to publish 2022 results in time for deadline. As a result, its shares were suspended for trading on AIM as of Monday, which will remain in place until it publishes its audited financial statements, which it expects "imminently".

On Thursday, it said its 2022 unaudited pretax loss widened to GBP10.6 million from GBP5.3 million the year prior as its cost of goods increased to GBP36.8 million from GBP31.2 million and it recorded GBP1.1 million in new facility transition costs compared to GBP125,000 the year prior. Revenue rose to GBP63.8 million from GPB62.5 million. It said this revenue figure was impacted by the closure of its Russian business, port congestion issues in the US and supply chain issues.

Current stock price: 12.50 pence

12-month change: down 72%

By Greg Rosenvinge, Alliance News reporter

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Science in Sport PLC 32.50 GBX -1.52 -

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