Thalassa Holdings Ltd - British Virgin Islands-based investment holding company - Posts revenue of
GBP295,968 for 2022, up from GBP138,656 in 2021. Pretax loss narrows to GBP1.4 million from GBP1.7 million, as operating loss reduces to GBP636,829 from GBP1.4 million a year earlier. Administrative expenses reduce to GBP531,024 from GBP1.4 million. "2022 results were negatively impacted by the previously announced write off of the company's investment in Tappit," it says. Looking ahead, Thalassa says 2023 has "got off a flying start", adding that investors parked their 2022 losses and "piled straight back into equities, notwithstanding the fastest increase in US interest rates on record".
Thalassa Holdings shares are currently suspended.
By Xindi Wei, Alliance News reporter
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Thalassa (di) (THAL)