By David Parsley2018-06-07T07:41:00
Source: OnTheMarket
OnTheMarket has revealed an operating loss of £10.8m in its annual results following a lack of cash and a costly litigation battle in the run up to its float on the junior stock market earlier this year.
The group, which floated on the AIM market in February, saw operating losses for the year to 31 January rocket from last year’s £1.2m figure following £14.7m of exceptional items, while the loss after tax attributable to shareholders shot up to £12.1m, from £4m last year. Meanwhile revenue fell from £17.8m at the same point last year to £16m.
You must be logged in to continue
Try Property Week For Free to finish this article.
Sign up now for the following benefits:
To access this article TRY FOR FREE NOW
Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.
Registered users and subscribers SIGN IN here to continue
Site powered by Webvision Cloud