8th Oct 2020 18:07
Atlas Mara Ltd - financial services provider - Reports pretax profit of USD1.5 million for the year to the end of June compared to USD8.4 million a year earlier, as income slipped to USD90.6 million from USD95.5 million. Atlas Mara says local currency depreciation across all markets not only hurt its profitability, but also resulted in additional currency translation losses of USD150.7 million, reducing book value to USD391.9 million. Excluding depreciation, the company said it would have reported an adjusted profit of USD6.8 million.
Current stock price: USD0.31
Year-to-date change: down 72%
By Evelina Grecenko; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
ATMA.L