Interim results for the six months ended 30 June 2017

12 September 2017

Cronin Group Plc ("the Company") the AIM listed company with a business activity of the digitization of chemical space, announces its unaudited half year results for the period ended 30 June 2017.

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Highlights:

  • Material progress in further developing the Company's strategic roadmap to digitize chemistry
  • Loss of £0.51 million after tax, reflecting continued research and development expenditure (2016 first half: loss £0.31 million)
  • Cash and short term deposits at 30 June 2017 of £4.29 million (31 December 2016: £4.79 million)
  • Net assets at 30 June 2017 of £8.41 million (31 December 2016: £8.92 million)

Mark Warne, Chairman, said:

 "The coming months will be a hugely exciting and transformational period for the company as it finalizes early beta product development and presents itself appropriately to its customer base, seeking to build credibility, awareness and understanding of its DigitalGlassware™ product and long term vision for the digitization of chemistry."

 

Contacts:  
Cronin Group Plc www.croningroupplc.com
Mark Warne, Executive Chairman T: 0141 465 6871
   
WH Ireland Limited www.whirelandplc.com
Mike Coe / Ed Allsopp T: 0117 945 3470
Copyright © 2017 Cronin Group Plc.   Company Registered in England & Wales No. 05845469