24th Sep 2020 13:52
NetScientific PLC - Ashford, England-based healthcare IP commercialisation group - Says pretax loss narrowed in the first half ended June 30 to GBP1.3 million from GBP2.2 million a year before. This is likely due to other operating income increasing to GBP568,000 from GBP15,000 a year before, coupled with selling, general and administrative costs narrowing to GBP1.0 million from GBP1.3 million a year prior. Revenue was down 14% at GBP136,000 from GBP158,000 a year prior. Says it is making good progress and believes its portfolio companies continue to hold "great potential". Notes that the acquisition of EMV Capital in August provides the company with additional capabilities and resources.
Current stock price: 64.45 pence
Year-to-date change: down 4.5%
By Greg Roxburgh; [email protected]
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