Thalassa Holdings (GB:THAL) has released an update.
Thalassa Holdings Ltd announced its audited financial results for the year ending 31 December 2023, highlighting a reduction in loss after tax from £1.45m to £0.89m and a decrease in earnings per share. The company’s book value per share also dropped from £1.30 to £1.16. The report mentioned significant growth in U.S. stocks, with technology stocks leading the surge. Thalassa’s strategic focus included cost reduction and business scaling, with a software migration nearly complete. The Chairman waived consultancy fees for the past three years, with equity conversion discussions ongoing. Despite economic uncertainties and geopolitical risks, the company maintains a cautious but forward-looking stance.
For further insights into GB:THAL stock, check out TipRanks’ Stock Analysis page.
