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IN BRIEF: ADM Energy shares down on interim revenue fall

Thu, 29th Sep 2022 12:17

ADM Energy PLC - London-based natural resource investor - Reports a 24% fall in revenue to GBP600,000 for the six months ended June 30, from GBP785,000 a year ago. Pretax loss, however, narrows to GBP834,000 from GBP1.5 million, as administrative expenses fall to GBP897,000 from GBP1.2 million a year ago. Operating expenses decline by 52% to GBP530,000 from GBP1.1 million a year ago.

Chief Executive Officer Osameda Okhomina says: "We made good progress in the first half of 2022."

Current stock price: 0.65 pence, down 10% on Thursday

12-month change: down 72%

By Xindi Wei; xindiwei@alliancenews.com

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