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Silverwood Brands PLC - London-based investing company targeting food, organic food, wellness, lifestyle and leisure sectors - Pretax loss in 2022 is £6.0 million, widened sharply from £331,306 in 2021. Revenue jumps to £3.7 million from £1.4 million. Cost of sales however more than double to £1.4 million from £623,868. Administrative expenses increase to £2.6 million from £1.1 million. Deemed cost of listing is £2.7 million in 2022 compared to none in 2021. Acquisition costs in 2022 are £2.8 million versus none a year prior. Adds that trading from start of 2023 to end of May has been in line with expectations. ‘We remain focused on profitable growth over the longer term, however, our current very lean cost base is limiting our growth so we will be adding costs to better support the numerous growth opportunities we have,’ the company says.
Current stock price: 65.20 pence
12-month change: up 0.2%
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