Dukemount Capital PLC - London-based investor in the sustainable and flexible energy markets - For six months ended on October 31, pretax loss narrows to £97,108 from £227,218 the year before. Says loss has been contained in the period to a minimum as the board has taken steps to ensure the financial position and prospects of the company are maintained to ‘facilitate a future reverse takeover transaction’. Looking ahead, says it is optimistic a transaction can be secured to further its prospects and deliver value to shareholders.

Chief Executive Officer Paul Gazzard says: ‘It has been a tough few months for DKE as we have taken some hard decisions to dispose of assets no longer able to achieve our required regulatory goals. However we look forward to continuing to pursue alternative routes to secure a deal for the company that can bring value for shareholders. We look forward to updating the market with more developments soon as they are delivered.’

Earlier this month, Dukemount reported pretax loss of £1.1 million in the year that ended April 30, 2022 from £913,827 the year before, as it recorded finance charges of £242,773. Dukemount Capital did not generate revenue for financial 2022, while revenue for financial 2021, made via contracts with customers, was £3.3 million.

Current stock price: 0.16 pence each

12-month change: down 99%

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