30th Dec 2021 17:46
Catalyst Media Group PLC - London-based investment firm - Posts a widened pretax loss of GBP1.6 million for the year ended June 30, compared to a GBP1.1 million loss the year before. Revenue was maintained at GBP25,000. Notes that its principal investment, a 21% stake in Sports Information Services, failed to deliver strong returns and fell to a pretax loss of GBP8.6 million for the year on revenue dropping 39% to GBP130,000. However SIS's profitability for its current financial year to March 31, 2022 is expected to see a "significant rebound", Catalyst says. Catalyst states it continues to be cash positive with very low overheads.
Current stock price: 49.00 pence, up 3.2% Thursday
Year-to-date change: down 3.9%
By Will Paige; [email protected]
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