16th Oct 2018 15:05
LONDON (Alliance News) - Fishing Republic PLC shares were temporarily suspended from trading on AIM on Tuesday afternoon as the company awaits clarification of its financial position.
The angling retailer said that as a result of the "difficult trading environment" it has operated in, certain major shareholders "are no longer willing to provide further short-term financial assistance" to the company.
At the end of September, the company said that its pretax loss deepened to GBP2.5 million from GBP117,544 the year prior after revenue fell to GBP3.4 million from GBP4.1 million the year before.
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