IN BRIEF: GSTechnologies interim loss narrows as eyes Semnet buy

Thu, 21st Dec 2023 15:32

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Loss narrows 36% to USD737,000 in the six months to September 30, from USD1.2 million a year ago. Posts no revenue in either half-year. Looking ahead, expects completion of cybersecurity business Semnet Pte Ltd by early February. Two weeks ago, GSTechnologies agreed to acquire around 67% of the Singapore-based firm, Semnet Pte Ltd for USD1.8 million.

Current stock price: 1.26 pence, down 2.9% on Thursday

12-month change: doubled from 0.60p on December 21, 2022

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

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