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