1st Jun 2016 08:08
LONDON (Alliance News) - Gloo Networks PLC on Wednesday published its results from incorporation to the end of March and said it continues to assess potential acquisitions.
The company floated in London in August 2015 with a view to acquiring "trusted consumer brands" in the media sector with an enterprise value of GBP250.0 million to GBP1.00 billion. In December, the firm appointed Arnaud de Puyfontaine, the chief executive of French media giant Vivendi SA, as its non-executive chairman.
Gloo said it has continued to pursue its strategy since listing and is continuing to review a number of possible acquisitions.
For the period from its incorporation on February 16, 2015 to the end of March, the company made a pretax loss GBP2.7 million, entirely attributable to its operating and administrative costs.
Gloo shares were untraded on Wednesday, having last traded at 120.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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