Otello Corporation ASA (GB:0FI5) has released an update.
Otello Corporation ASA reported a challenging first half for 2024 with a net loss of $9,063 thousand and a negative EBIT of $12,445 thousand, despite maintaining total equity at $94,943 thousand or approximately $1.04 per share. The company also repurchased 508,337 shares for $382 thousand, contributing to a total buyback of 3,688,364 shares at $2,993 thousand. Cash reserves stood at $14,518 thousand by the end of June 2024.
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