Investor's Champion
How to make your money go further

Getech Group plc and Thalassa Holdings Ltd - Results

05/04/2016 · GETECH (GTC)  · Thalassa Holdings Ltd (THAL) 
Some solid announcements from Getech and Thalassa this morning.
?Getech’s H1 results show a loss for the period of circa £700k against a profit of a very similar magnitude last year. This is by no means a disastrous outcome for a company operating in a sector undergoing such a severe and prolonged downturn in demand.          Cash remains strong at £2.7m (£1.8m net ~5p a share) and a new $1m contract announced this morning will help H2 which is said to have started “strongly”.          The house broker WH Ireland, lowered FY revenue forecast by 10% to £9.0m but given the H1  actual,…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login