10th Feb 2025 14:00
(Alliance News) - Cloudified Holdings PLC on Monday released interim and full-year results as it aims for a successful reverse takeover.
The British Virgin Islands-incorporated shell company said in the six months to September 30, pretax loss narrowed to GBP145,394 from GBP554,518 a year ago.
In the financial year ended March 31, pretax loss decreased to GBP1.4 million from GBP2.6 million.
Looking ahead, the company aims to achieve a successful acquisition of a media and events asset in the second quarter of 2025 which will constitute a reverse takeover and allow Cloudified's shares to resume trading.
Cloudified shares are currently suspended in London.
By Tom Budszus, Alliance News slot editor
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