Tintra PLC - London-based DeepTech bank that uses artificial intelligence to help people in emerging markets transfer money - The company's shares resume trading on AIM after it published its delayed audited annual report and accounts for the financial year ended January 31 on Monday. The shares had been suspended from the beginning of July.
Its pretax loss for the year was GBP2.9 million, widened from a loss of GBP954,000 the year prior. It recorded no revenue, compared to GBP351,000 the year prior. It had not traded during the year, as it entered a research & development phase. Total administrative expenses jumped to GBP2.6 million from GBP1.4 million. "The board of directors are delighted with the significant progress that has been made in the group's transformation during the period. The legacy issues of the past are behind us," the company said.
Current stock price: 116.50 pence, up 73% on Tuesday
12-month change: down 99%
By Elizabeth Winter, Alliance News senior markets reporter
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