Supply@Me Capital annual loss narrows; revenue jumps

Wed, 01st May 2024 18:38

(Alliance News) - Supply@Me Capital PLC on Wednesday reported a narrowed annual loss and higher revenue.

Supply@Me Capital is a London-based fintech firm providing inventory monetisation solutions.

Shares in the company closed down 5.9% to 0.024 pence each in London on Wednesday. Over the last 12 months, Supply@Me shares are down 60%.

Revenue in 2023 rises to GBP158,000 from GBP138,000 a year earlier.

Pretax loss narrows to GBP4.2 million from GBP7.7 million.

Chair Albert Ganyushin said: "The team managed to overcome many challenges in 2023 and put in place foundations for SYME to start delivering in 2024 on its tremendous potential of reaching a large addressable market."

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

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