Anemoi International Ltd: 2024 Interim Results

Anemoi International Ltd has released its interim results for the period ending 30 June 2024. The company reported disappointing revenues for H1 2024, despite significant cost reductions. The unaudited results indicated a reduced loss compared to H1 2023.

Chairman Duncan Soukup emphasized efforts to boost revenues and modify sales strategies targeting intermediaries, aiming to improve future financial performance. Though the company considered potential acquisitions to scale its business, none met the criteria.

During this period, Book Value per share dropped by 5% to £2.47. The Group Operating Loss decreased by 92% to £22k, and Group Loss Before Tax reduced by 69% to £108k. Total income fell 11.2% to £72k, mainly due to a decline in software services income. However, administrative expenses saw a 76% reduction.

Looking ahead, a positive sales pipeline could influence results for H2 2024 and H1 2025. The company remains committed to enhancing its financial standing through strategic adjustments and increased sales efforts.