By David Parsley2018-06-07T07:41:00
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 view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts