Source - Alliance News

Thalassa Holdings Ltd - British Virgin Islands-based investment holding company - Posts revenue of

£295,968 for 2022, up from £138,656 in 2021. Pretax loss narrows to £1.4 million from £1.7 million, as operating loss reduces to £636,829 from £1.4 million a year earlier. Administrative expenses reduce to £531,024 from £1.4 million. ‘2022 results were negatively impacted by the previously announced write off of the company’s investment in Tappit,’ it says. Looking ahead, Thalassa says 2023 has ‘got off a flying start’, adding that investors parked their 2022 losses and ‘piled straight back into equities, notwithstanding the fastest increase in US interest rates on record’.

Thalassa Holdings shares are currently suspended.

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