India, July 8 -- Victrex Plc (VCT.L) said Tuesday in its trading update for the third quarter that revenue for the period declined 3 percent to 71.5 million pounds from 74.0 million pounds in the same period last year. This was mainly due to lower-than expected Medical revenues, with Spine being the most affected division, the company added.
On the LSE, the stock is down 9 percent on Tuesday's trading at 712.50 pence. The supplier of high performance polymers said that sales volume for the period, however, rose 8 percent to 1,057 tonnes from 979 tonnes in the year-ago quarter, helped by good growth in Sustainable Solutions.
In the third quarter, growth within the Sustainable Solutions segment was primarily driven by strong performance in ...