Gfinity PLC - London-based e-sports company - Reports first-half fall in revenue to GBP3.0 million from GBP3.5 million year-on-year. Pretax loss in six months ended December 31 narrows to GBP814,124 from GBP3.7 million. Administrative expenses fall to GBP2.9 million from GBP5.4 million a year prior. Says it has seen good momentum heading into the second half. Ends strategic review and formal sale process announced in October, deciding to focus on growing business under existing strategy.
Current stock price: 3.95 pence
Year-to-date change: up 4.5%
By Ivan Edwards; ivanedwards@alliancenews.com
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Gfinity (GFIN)