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Polymers specialist Itaconix 'accelerating' revenue post trading update

Polymers specialist Itaconix (LON:ITX) tells Proactive London it will accelerate “key revenue opportunities” on the back of its figures announcement today. CEO John Shaw acknowledges Itaconix's full-year sales are below current market expectations but explains this is due to fast company growth and larger projects being delayed.
Turnover for the first three quarters of the year was £700,000, up 78% on the comparable period last year. Revenues in the second half will be higher than the first six months.
 

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Price: 1.37 GBX

LSE:ITX
Market: LSE
Market Cap: £3.69 m
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Itaconix CEO John Shaw welcomes 'tremendous response' to $2.2mln fundraise

Itaconix PLC (LON:ITX) CEO John Shaw speaks to Proactive London's Andrew Scott following confirmation they've raised £1.76mln ($2.2mln) through an oversubscribed placing and subscription from existing and new investors. Shaw says the cash is expected to provide them with sufficient funding...

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