Haydale reports higher costs that offset revenue progress

Haydale Graphene Industries expects revenue for the year ending June 30 to be ahead of market expectations, reporting strong performance in its U.S operation. However, this revenue rise will reportedly be offset by higher administrative costs linked to investments and an increase in overheads. Haydale's shares fell 9.5% this morning after the company cautioned that project delays will impact its results for the year to 30 June 2023.