Tuesday, Avarae Global Coins Plc (AVR.L) reported first-half loss of GBP 64 thousand or 0.06 pence per share, compared to a loss of GBP 118 thousand or 0.16 pence per share last year. The company did not pay any income tax in both periods.
Half-yearly sales grew to GBP 144 thousand from GBP 38 thousand in the previous year.
Looking ahead, company's Executive Director, Brian Hatton, said, 'With the likelihood of a global recession, Avarae is well positioned as an alternative asset play in the current environment. The international nature of the coin market allows the Company to continue to take advantage of rising prices across a number of sectors and importantly take advantage of sectors which may be starting to show some weakness.'
AVR.L closed Monday's regular trade at 6.64 pence, down 0.06 pence or 0.90%, on a volume of 132 thousand shares.
For comments and feedback: editorial@rttnews.com