Octagonal PLC - financial services firm - Reports pretax profit of GBP594,000 for its financial year ended March 31, down from GBP660,000 the year prior. Says full-year revenue GBP5.8 million, a 9.4% increase from GBP5.3 million in 2019 financial year due to its business model successfully "growing revenue organically through seeking new clients and identifying and implementing new services to existing and new clients." Declares 0.1 pence per share final dividend, unchanged from 2019.
Octagonal to seek shareholders approval to de-list the company from AIM, as it believes the cancellation is in the best interests of the company and its shareholders due to not forseeing "an immediate need to raise additional funds." Aims to publish interim results for the six months ended September 30 by January 31, 2021.
Current stock price: 0.715 pence; down 68% on Thursday
Year-to-date change: down 56%
By Zoe Wickens; zoewickens@alliancenews.com
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