28th Sep 2021 16:13
TechFinancials Inc - invests in early-stage technology companies - Reports pretax loss of USD92,000 for first half of 2021, narrowed from USD492,000 a year ago. No revenue reported for recent period, versus USD614,000 a year ago - but administrative costs reduced to USD133,000 from USD565,000.
Also books no research & development expenses in the first half of 2021, versus USD464,000 year-on-year. During period, it completed the strike off of Footies Ltd and "continued to oversee its investments and look for short term investment opportunities". "We will continue to look for opportunities to materialise our assets and to increase value for our shareholders. We will also continue to strike off subsidiaries in order to clean the group structure," company says.
"The company plans to continue its attempts to sell all or part of its interest in Cedex to a third party," says Chief Executive Asaf Lahav.
Current stock price: 0.375 pence
Year-to-date change: up 50%
By Lucy Heming;Â [email protected]
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