Shares in Halosource (HALO) cratered by a third to 12.5p after the chemicals group said its full-year net losses would be higher than market expectations. The reasons why is that production issues at its recently expanded drinking water facility in China and some delays in customer rollouts means "temporarily" the company cannot fulfil orders.
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The setbacks will "in no way impact the marketplace demand" in 2016, according to the company, and the production issues are set to be resolved in the next few weeks. Following this update, Liberum now expects full-year loss before tax of $8.2m (£5.4m), giving a 3.7¢ loss per share, against losses of £8.6m and 5.3¢ in 2014.
