Trading suspension lifted as MobilityOne reports full-year losses.
E-commerce infrastructure payment specialist MobilityOne announced its audited financial results for the year ended 31 December on Tuesday, allowing trading in its shares to resume.
MobilityOne Ltd.
20 August 2024 10:45:43
Source: Sharecast
The AIM-listed company said that despite a revenue increase to £241.67m, up from £233.76m in 2022, it reported a challenging financial year with an operating loss of £1.05m, swinging from a profit of £0.38m the previous year.
It also posted a loss before tax of £1.37 million, reversing a £0.28m profit in 2022, and a net loss for the year of £1.41m, compared to a modest profit of £0.02m a year earlier.
Following publication of its annual report and accounts, MobilityOne’s suspension from trading on the AIM market was lifted at 0730 BST.
The company said its annual general meeting was scheduled for 11 September in Kuala Lumpur.
At 0848 BST, shares in MobilityOne were down 25.93% at 2p.
Reporting by Josh White for Sharecast.com.
N/A
ISIN:
N/A
Exchange: N/A
Sell:
N/A
Buy:
N/A
Change:
Date:
Prices delayed by at least 15 minutes
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
