Final Results for the year ended 30 June 2020 and Notice of AGM

Highlights

 Financial Highlights

  • Total income (revenue and grant income) increased 7% to £841,649 (2019: £783,101), the highest in the Company’s history
  • The operating loss decreased 33% to £134,385 (2019: £201,219)
  • The loss after taxation decreased 38% to £64,424 (2019: £104,040)
  • Placing and subscription in May 2020 raised £828,750 (gross) through the issue of 23,678,571 new ordinary shares at an issue price of 3.5 pence per share
  • At 30 June 2020, the surplus of shareholders’ funds was £1,314,981 (30 June 2019: £607,914)
  • Cash and cash equivalents at 30 June 2020 of £1,047,860 (30 June 2019: £405,366)

 

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