Marechale Capital PLC - London-based adviser and financing provider for consumer brands, leisure, clean energy, mineral extraction and technology companies - Pretax loss widens to £178,261 in the six months that ended October 31 from £155,803 a year before, due to a £49,837 loss on disposal of investments. Revenue falls to £148,500 from £320,603 but cost of sales reduced to £45,032 from £226,790, leaving gross profit up 10% at £103,468 from £93,813. Administrative expenses are steady, leaving a smaller operating loss before the loss of disposal widens the bottom-line loss.
Net asset value is £3.2 million on October 31, down from £3.3 million a year before. NAV per share is 3.01 pence, down from 3.15p.
‘The board is working on a number of initiatives to create further value for shareholders over and above its core investment portfolio and corporate finance projects, including working with various potential businesses and individuals,’ comments Chair Mark Warde-Norbury. ‘The plan is to continue to develop Marechale’s strategic partnerships with the objective of enhancing shareholder value.’
Current stock price: 1.45 pence
12-month change: down 6.5%
Copyright 2024 Alliance News Ltd. All Rights Reserved.
