Shares in Parsley Box Group PLC fell Tuesday after reporting a significantly widened pretax loss for the first half of the year, but said it expects to benefit from further growth in the second half.
The Edinburgh-based company, which provides ready meals for those aged 60 years and over, posted a pretax loss of 5.4 million pounds ($7.5 million) compared with a loss of GBP1.0 million in the year-earlier period.
Revenue rose to GBP14.0 million from GBP11.1 million, as expected.
Regarding its second-half growth views, the London-listed company said it will benefit from higher price points and new product range.
Shares at 0752 GMT were down 14.00 pence, or 12%, at 107.50 pence.