IN BRIEF: Tanfield raises GBP300,000; notes Snorkel quarterly loss
24th Aug 2022 12:23
Tanfield Group PLC - investment firm headquartered in Newcastle Upon Tyne - Says its investment in Snorkel International Holdings LLC is currently valued at GBP19.1 million. Says Snorkel performed well in the second quarter of 2022, achieving further sales growth. Nonetheless, posts loss before interest, tax, depreciation, and amortisation of USD4.3 million, swinging from a profit of USD200,000 year-on-year, due to a reduction in gross margin to 2.8% from 8.9%. Read More