heiq plc said tuesday that it expects its firsthalf revenue to exceed 30 million and a gross profit margin of 467 and that it anticipates meeting fullyear market views the materialsandtextile innovation company said it expects firsthalf revenue to rise significantly from 258 million a year prior it added that this growth was achieved despite a challenging macroeconomic environment including the shutdown of key markets in china for more than three months during the period the company said it expects gross profit margin to rise from 437 a year earlier whilst the increased cost of raw materials placed pressure on margin during the period pleasingly the trend of margin improvement is continuing into the second half of this financial year as the benefit of passedon price increases materialize and rawmaterial costs start to stabilize heiq said the company said it is optimistic about meeting fullyear market forecasts assuming there are no unforeseen global economic events or rawmaterial price spikes though it didnt provide a figure last year heiq reported a pretax profit of 27 million