20th Dec 2016 17:27
LONDON (Alliance News) - World Trade Systems PLC said Tuesday it aims to re-list on the London Stock Exchange in 2017, as it booked a loss in the first half of its financial year.
World Trade Systems, which acts as holding company for healthcare product supplier Shimao (Suzhou) Biotechnology Co Ltd, or WTS China, booked an operating loss of GBP17,096 for the six months to June 30. The company's operating income in the six period was GBP2,000.
The company did not provide comparative interim figures, but noted it booked a loss of GBP152,000 for calendar year 2015.
As at June 30 the company had GBP800,372 debt to its ultimate private parent company Kudrow Finance Ltd.
Robert Lee, non-executive chairman of the company, said World Trade Systems aims to re-list with the UK Listing Authority and trade on the London Stock Exchange Main Market in the first quarter of 2017.
By Adam Clark; [email protected]
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