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  2. Share Prices
  3. Supply@me Cap Share Price
  4. Supply@me Cap Share News
  5. IN BRIEF: Supply@Me Capital Loss Widens On Expenses, Acquisition Costs

Pin to quick picksSupply@me Cap Share News (SYME)

Supply@me Cap Information

Share Price Information for Supply@me Cap (SYME)

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Share Price: 0.027
Bid: 0.025
Ask: 0.028
Change: -0.0025 (-8.62%)
Spread: 0.003 (12.00%)
Open: 0.025
High: 0.027
Low: 0.025
Prev. Close: 0.029
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IN BRIEF: Supply@Me Capital Loss Widens On Expenses, Acquisition Costs

Fri, 29th Jan 2021 11:48

Supply@Me Capital PLC - London-headquartered fintech platform - Reports GBP2.1 million loss for the six months ended June 30 compared to a loss of only GBP113,000 the year before. This results from a multiplying of administrative expenses to GBP1.1 million from GBP124,000 the year before, plus exceptional costs of GBP1.4 million relating to its reverse acquisition of Supply@Me Srl in March 2020, with no exceptional costs the prior year. Revenue rises to GBP368,000 from just GBP11,000.

Chief Executive Alessandro Zamboni says: "As well as completing the first open-funding securitisation transactions, in 2021 the company expects to launch and grow its Captive Bank and Shariah funding routes. The multi-channel Inventory funding opportunity widens the platform's potential investor base and therefore improves its fund-raising potential."

Current stock price: 0.51 pence

Year-to-date change: down 11%

By Anna Farley; annafarley@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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