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Versarien CEO eyes commercial traction from younger business units

The chief executive of advanced engineering materials group Versarien (LON:VRS), Neill Ricketts, expects enhanced profitability from all areas of the business going forward, including its younger units.

The firm generated revenues of £4.98mln from the sale of advanced materials in the twelve months to March 31.

It represents a 69% increase from the £2.6mln generated in the preceding year, albeit those accounts amounted to just nine months of sales.

Total Carbide, a manufacturer of sintered tungsten carbide, provides the revenue, provides the profitability and support for its other two units.

Versarien Technologies Limited - the copper foam operation - is the teenager of the bunch.

And then there is the “baby”, 2D-Tech, which has significant potential.

 
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