Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
S-Ventures PLC - AQSE-listed investment firm focused on health and wellness sectors - Posts results for financial year 2022 ended September 30, comparing to time period between July 6, 2020 and September 30, 2021. Revenue is £8.6 million compared to £1.6 million. Loss from operations widens to £3.4 million from £1.0 million. Cash as at September 30 increases to £1.8 million from £200,000 a year prior. Looking ahead, Chief Executive Officer Scott Livingston says: ‘Whilst our immediate aim is to absorb the recent acquisitions and ensure they fuse into a well-run group operation, we remain aware of opportunities to acquire further business. The investment thesis central to S-Ventures is strengthened in the current environment. The long-term structural trends in favour of health and wellness and, particularly, healthy foods and beverages remain intact. We expect the near-term macroeconomic environment to be challenging with input cost inflation and potential erosion of disposable incomes. ’
Current stock price: 8.70 pence
12-month change: down 73%
Copyright 2023 Alliance News Ltd. All Rights Reserved.