4th Sep 2023 11:41
(Alliance News) - Macaulay Capital PLC on Monday said it expects continued momentum going into the second half of 2023 as it reported improved interim results.
Macaulay Capital is an investment company headquartered in Newton Abbot, England. It began trading on the Aquis Stock Exchange Growth Market in July last year, having raised GBP1.9 million from its initial public offering.
In the six months that ended June 30, Macaulay said pretax loss narrowed to GBP107,566 from GBP384,994 from a year prior, partly due to expenses falling by 36% to GBP319,593.
Revenue rose by 80% to GBP213,946 from GBP118,737 in the first half of 2022.
Looking ahead, Macaulay said it continues to "see a wide range of interesting investment opportunities to consider" and expects progress to continue going into the second half of the year.
Shares in Macaulay were flat at 22.50 pence each Monday morning on AQSE in London.
By Sabrina Penty, Alliance News reporter
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