Marechale warns on losses following multiple transaction delays
By Iain Gilbert
Date: Wednesday 01 May 2019
(Sharecast News) - London-based corporate finance house Marechale Capital warned on Wednesday that it now expects to report a full-year operating loss of somewhere in the vicinity off £220,000 to £250,000.
Marechale told investors that delays to a number of transactions the group was involved in had brought about the loss.
However, Marechale Capital noted that its full-year losses were an improvement on the unaudited operating loss of approximately £251,000 for the six months ended 31 October 2018.
Marechale also highlighted that its full-year operating loss estimates were only preliminary, for now, and that the AIM-listed outfit expects to announce its audited results for the year ended 30 April in August 2019.
As of 1305 BST, Marechale Capital shares had slid 7.69% to 0.90p.
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