Regional Business Information for Yorkshire
Ceres Media cutting costs
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8th February 2012
Ceres Media's board is cutting the company's cost base to conserve its cash position.
The company said the technical issues associated with the production of its TierraFilm range had been resolved and the products were being trialled.
But it says the delays in scaling up production and bringing TierraFilm to the market together with the slower than anticipated take-up of Gossyp and Chorus products, have had an impact on the company's working capital position, which the board is monitoring closely.
At 9:22am: (LON:CMI) share price was -1.25p at 2.63p
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