Minoan Group plc (GB:MIN) has released an update.
Minoan Group Plc, an AIM-listed resort development firm, reported a loss of £601,000 for the six months ending April 30, 2024, deepening from the previous year’s £286,000 loss, primarily due to a one-off loan renewal charge. The company is in the midst of finalizing discussions with various partners and is actively recruiting a new management team to advance their Itanos Gaia Project in Greece. Total assets remained stable at over £52 million, as the company prepares for a strategic shift following the update and finalization of contracts.
For further insights into GB:MIN stock, check out TipRanks’ Stock Analysis page.
