Source - SMW
Tekcapital has booked an H1 pretax loss of $0.99m, from a year-ago loss of $0.66m. Net assets at the end of period totalled $3.2m, from $4.3m.

Revenue was $0.24m, from $0.29m.

"We have made significant progress towards achieving the objectives that we set out last year and have established a strong foundation for future revenue growth with our numerous technology acquisitions," said CEO Clifford Gross.

"When combined with the establishment and launch of Belluscura Ltd, the acquisition of the Vortechs Group to expand our service offerings, the recent acquisition of the uSalt patent for reducing the surface salt content in a variety of foods and our progress with in-shoe energy harvesting technology for empowering a new generation of footwear that can recharge mobile devices, we believe these achievements provide significant upside potential for our shareholders," the company said.

"We are excited and confident in the progress we have made towards creating marketplace and shareholder value from university and corporate intellectual capital."

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Tekcapital (TEK)

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