RE: Huge upswing tomorrow onwards30 Jul 2018 18:28
The loss for the 6-month period 30 April 2018 was £147.8k which includes an exchange gain of £44.4k (6-month period to 30 April 2017 – loss of £285.7k, year ended 31 October 2017 - loss of £550.3k). Whilst turnover has decreased by 45%, the gross margin has increased materially from 25% in the comparative period to almost 33% in the current year (Year to 31 October 2017: 24%). Attributable costs have been contained and are almost flat compared to the prior period comparative, which has resulted in the reduced loss.
45% decrease in turnover and looking at acquesitions .
So where is the cash coming from, you simple ! a few k wont cut the mustard, or was it Paprika ?
Mr Lenigas loves dilution