Small caps round-up: CSF Group, Wessex Exploration, Ceramic Fuel Cells
Data centre firm CSF Group dropped 12% in morning trading on Tuesday after it reported delays to a project in Malaysia would put a break on revenues this year. The firm said expansion plans for its CX6 data centre would mean increased development and maintenance revenue. However, it would also result in delays in this revenue to the next financial year and beyond. The company said it "no longer expects to recognise any development revenue from CX6 in the current financial year as the revised proposal is being reviewed by the customer".
Data centre firm CSF Group dropped 12% in morning trading on Tuesday after it reported delays to a project in Malaysia would put a break on revenues this year. The firm said expansion plans for its CX6 data centre would mean increased development and maintenance revenue. However, it would also result in delays in this revenue to the next financial year and beyond. The company said it "no longer expects to recognise any development revenue from CX6 in the current financial year as the revised proposal is being reviewed by the customer".
Wessex Exploration posted a loss before taxation of £1.64m in the year to the end of June. This compared to the £1.34m loss it reported the year before. Its loss per share stood at 0.26p, an improvement on the 0.35p the previous year. The firm's current focus is its Zaedyus oil discovery in the French territory of Guyane, with results from an appraisal well due towards the end of the year.
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