Versarien’s (VRS) losses widened as revenues fell in its graphene and plastics division, where turnover was derived “predominantly from the plastics business”. The group did secure its first orders over the period for graphene material, and despite its cash pile falling to £2.6m from £4.3m at its March year-end, Versarien chief financial officer Christopher Leigh said that the group had no imminent plans to conduct any fundraising. Including financing facilities of £0.7m, the total cash available to Versarien sat at £3.3m.
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