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Marechale Capital PLC - London-based investor - Records pretax loss of of GBP64,439 in the six months to October 31, marginally widened from GBP63,960 a year before. Revenue was up slightly at GBP175,837 from GBP173,036 and administration expenses were reduced to GBP194,277 from GBP224,804, but a GBP28,937 gain on an investment disposal booked a year before wasn't repeated. Chair Mark Warde-Norbury says that considering the impact of Covid-19 on the hospitality industry, Marechale's specialty, "the company has done well to generate revenues comparable to prior years". He adds: "We are currently in the second lockdown, which has dealt another body-blow to the hospitality industry. However, we are happy to report that our clients are well managed businesses with strong balance sheets and are looking for expansion opportunities." He says the board continues to consider its options and future strategy.
Current stock price: 0.90 pence
Year-to-date change: up 11%
By Tom Waite; thomaslwaite@alliancenews.com
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