Cellular Goods PLC (LSE:CBX) saw its streamlining programme result in a cost base reduction of 56% for its first half ending February 28, 2023, which helped to reduce year-on-year operating losses by 24% to £1.81mln, or -36p per share.
The company said its revenue for the first half increased by 140% to £31,000 helped by an expanded product range, with the introduction of three new rejuvenating skincare products and a gift set collection for the festive season.