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IN BRIEF: Webis Delays Publishing Of Results, Expects Narrowed Loss

30th Nov 2020 07:00

Webis Holdings PLC - Isle of Man-based gaming firm - Delays publishing of report for financial year ended May 31, as one of firm's US bankers suffers from considerable backlog, leading to an inability to contribute to the audit's completion by the end of November. As a result, has signed an extension with AIM to end of February 28, 2021.

For the year to the end of May, pretax loss narrowed to USD284,000 from USD930,000 the year before, despite revenue declining by 8.2% to USD43.4 million from USD47.3 million, as amounts wagered dropped by 23% to USD105.3 million from USD136.4 million.

Current stock price: 1.57 pence

Year-to-date change: up 26%

By Dayo Laniyan; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved


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