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Online Blockchain Swings To Interim Loss On Higher Interest Costs

Fri, 16th Mar 2018 17:55

LONDON (Alliance News) - Online Blockchain PLC, formerly On-Line PLC, on Friday swung to a pretax loss for the first half due to higher interest payments and a drop in turnover.

For the six months to December end, the blockchain technology company recorded a pretax loss of GBP7,000, compared with pretax profit of GBP12,000 in the year ago period, on a turnover of GBP32,000 and GBP44,000, respectively. Interest expenses rose to GBP15,000 from GBP1,000.

"We are excited about the potential opportunities for Blockchain technology. Shareholders should note that the company's own development of additional Blockchain products are still at an early stage but we look forward to reporting further progress this year," the company said.

Shares in Online Blockchain closed at 70.00 pence, up 24%.

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26 Aug 2020 14:38

IN BRIEF: Online Blockchain, ADVFN And Litecoin Foundation Team Up

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29 Jul 2020 20:02

IN BRIEF: Online Blockchain Notes Share Price Move Amid Launch Of PTC

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19 May 2020 09:40

Online Blockchain confirms first 'halving' of Brazio cryptocurrency

(Sharecast News) - Online Blockchain announced on Tuesday that its 'Brazio' cryptocurrency had hit another "significant" milestone.

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25 Mar 2020 18:25

ADVFN Interim Earnings Fall On Lower Than Expected Advertising Demand

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26 Nov 2019 18:14

Online Blockchain Annual Loss Widens On "Turbulent" Year

Online Blockchain Annual Loss Widens On "Turbulent" Year

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8 May 2019 13:46

Online Blockchain launches testing of 'FreeFaucet' cryptocurrency product

(Sharecast News) - Online Blockchain updated the market on the development of new blockchain-based products on Wednesday, having announced the launch of 'invite-only' beta testing for PC gaming product FreeLoadr in April.

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17 Apr 2019 12:02

Online Blockchain Plans Launch Of First FreeLoadr Blockchain Product

LONDON (Alliance News) - Online Blockchain PLC on Wednesday said it has developed the first of its blockchain-based products, FreeLoadr.FreeLoadr lets gamers access PC games at no charge in

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27 Mar 2019 09:58

Online Blockchain Interim Loss Widens As Cryptocurrencies Struggle

LONDON (Alliance News) - Online Blockchain PLC on Wednesday reported a significantly wider interim loss as costs surged in an "awful" 12 months for cryptocurrencies.For the six to

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16 Aug 2018 11:19

Online Blockchain To Invest USD100,000 In Crypto Gaming Startup

LONDON (Alliance News) - Online Blockchain PLC said Thursday it will acquire 35% stake in a US-based gaming software startup for USD100,000.The UK-listed company focused on cryptocurrency a

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16 Aug 2018 10:01

Online Blockchain acquires stake in crypto gaming start-up

(Sharecast News) - AIM-listed investor Online Blockchain is set to invest as much as $100,000 in cash into US crypto gaming software development start-up company Encryptid.

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