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TYRU Tyratech (DI)

3.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tyratech (DI) LSE:TYRU London Ordinary Share COM SHS USD0.001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.00 2.80 3.20 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

TyraTech, Inc. Pre Close Trading Update (4329F)

28/07/2016 7:00am

UK Regulatory


Tyratech (DI) (LSE:TYRU)
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TIDMTYR TIDMTYRU

RNS Number : 4329F

TyraTech, Inc.

28 July 2016

Strictly Embargoed for 07.00 on 28 July 2016

TyraTech, Inc.

("TyraTech" or the "Company")

Pre Close Trading Update

TyraTech, Inc. (AIM: TYR and TYRU), a life sciences technology company focused on nature-derived insect and parasite control products gives the following update on trading ahead of the announcement of its half year results to 30 June 2016.

The Company's trading performance in the first half continues the upward trend from prior periods, with unit sales of the Vamousse(R) head lice product line continuing to progress and operating expense efficiencies now being realised. These trends are anticipated to continue throughout the second half. The Board expects the net loss over the year to remain in line with current market expectations.

Vamousse

Unit sales of Vamousse were in line with expectations, showing strong growth over the corresponding period for 2015 across all geographies and customers. Vamousse continues to establish itself as a leading brand and is performing well in the market against competitor products, gaining market share.

Revenues associated with these sales have been modestly impacted by currency translation effects on UK sales and by revenue recognition factors, due to sale or return associated with one new US customer. These impacts are expected to continue through the rest of the year.

PureScience(TM)

The PureScience portfolio of animal health products is showing good results in field and customer trials, and three products were launched for poultry and swine production at the end of the half.

The roll-out of PureScience in the first half was slower than anticipated mainly due to the time of completing the field trials and it is now expected that the revenue impact will be in the second half of the year.

The Company expects to announce its interim results in mid-September 2016 and will give a further update at that time.

*-ends-*

For further information please visit: www.tyratech.com or contact:

 
 TyraTech Inc.                        Tel: +1 919 
  Bruno Jactel, Chief Executive          415 4340 
  Officer                             Tel: +1 919 
  Erica Boisvert, Chief Financial        415 4287 
  Officer 
  SPARK Advisory Partners Limited     Tel: +44 20 
   (Nominated Adviser)                  3368 3551 
   Matt Davis / Mark Brady 
  Allenby Capital Limited (Joint      Tel: +44 20 
   Broker)                              3328 5656 
   Chris Crawford 
  Whitman Howard Limited (Joint       Tel: +44 20 
   Broker)                              7659 1250 
   Ranald McGregor-Smith 
 
   Belvedere Communications (PR) 
   John West / Kim van Beeck          Tel: +44 20 
                                        3567 0510 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

TSTPGUAUMUPQGAM

(END) Dow Jones Newswires

July 28, 2016 02:00 ET (06:00 GMT)

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