published on 09/29/2023 at 10:00 from Anemoi International Ltd (isin : VGG0419A1057)

Anemoi International Ltd: Interim Report (30 June 2023)

Anemoi International Ltd (AMOI)
Anemoi International Ltd: Interim Report (30 June 2023)

29-Sep-2023 / 09:00 GMT/BST

Anemoi International Ltd

Anemoi International Ltd

(Reuters: AMOI.L, Bloomberg: AMOI:LN)

("Anemoi" or the "Company")

Interim Results for the period ended 30 June 2023

The Company is pleased to announce its results for the six months ended 30 June 2023. The interim results have been submitted to the FCA and will shortly be available on the Company’s website: www.anemoi-international.com

Chairman’s Statement

Anemoi is pleased to announce its unaudited interim results for the six months to 30 June 2023.

I am pleased to report a significant increase in H1 Revenues (+75%) and Gross Profit (+246%), however, Revenue is not yet sufficient to support the cost of running a public company, notwithstanding a 15% reduction in General and Administrative Costs, resulting in a 31% reduction in Operating Loss for the period under review. Initiatives taken in the first half of 2023 should further reduce costs in H2 2023 and the Board will continue to explore avenues to enhance shareholder value.

Duncan Soukup

Chairman

Anemoi International Ltd

28 September 2023

Responsibility Statement

We confirm that to the best of our knowledge:

a) the condensed set of financial statements has been prepared in accordance with IAS 34 'Interim Financial Reporting';

b) the interim management report includes a fair review of the information required by DTR 4.2.7R (indication of important events during the first six months and description of principal risks and uncertainties for the remaining six months of the year); and

c) the interim management report includes a fair review of the information required by DTR 4.2.8R (disclosure of related parties' transactions and changes therein).

Cautionary statement

This Interim Management Report (IMR) has been prepared solely to provide additional information to shareholders to enable them to assess the Company’s strategy and the potential for that strategy to succeed. The IMR should not be relied on by any other party or for any other purpose.

Duncan Soukup

Chairman

Anemoi International Ltd

28 September 2023

Unaudited Condensed Statement of Income

For the six months ended 30 June 2023

		6 Months to	6 Months to	Year Ended
		Jun 2023	Jun 2022	Dec 2022
		GBP	GBP	GBP
	Note	Unaudited	Unaudited	Audited
Continuing Operations
Revenue		79,563	45,355	137,288
Cost of sales		(5,869)	(24,070)	(60,765)
Gross profit		73,694	21,285	76,523
Administrative expenses excluding exceptional costs		(314,601)	(371,399)	(750,192)
Exceptional administration costs		(49,441)	(58,166)	(58,166)
Total administrative expenses		(364,042)	(429,565)	(808,358)
Operating loss before depreciation		(290,348)	(408,280)	(731,835)
Depreciation and Amortisation	5	(63,392)	(42,131)	(95,994)
Operating loss		(353,740)	(450,411)	(827,829)
Net financial income/(expense)	3	1,912	(384)	(504)
Share of profits of associated entities		-	-	4,541
Profit/(loss) before taxation		(351,828)	(450,795)	(823,762)
Taxation		(220)	(685)	(685)
Profit/(loss) for the period		(352,048)	(451,480)	(824,477)


Earnings per share - GBP pence (using weighted average number of shares)
Basic and Diluted		(0.22)	(0.29)	(0.53)
Basic and Diluted	4	(0.22)	(0.29)	(0.53)

The notes on pages 11 to 15 form an integral part of this consolidated interim financial information.

Unaudited Condensed Statement of Comprehensive Income

For the six months ended 30 June 2023

	6 Months to	6 Months to	Year Ended
	Jun 2023	Jun 2022	Dec 2022
	GBP	GBP	GBP
	Unaudited	Unaudited	Audited

Loss for the six months to 30 June 2023	(352,048)	(451,480)	(824,477)
Other comprehensive income:
Exchange differences on re-translating foreign operations	(12,426)	197,530	171,836
Total comprehensive income	(364,474)	(253,950)	(652,641)

Attributable to:
Equity shareholders of the parent	(364,474)	(253,950)	(652,641)
Total Comprehensive income	(364,474)	(253,950)	(652,641)

The notes on pages 11 to 15 form an integral part of this consolidated interim financial information.

Unaudited Condensed Statement of Financial Position

As at 30 June 2023

As at	As at	As at
Jun 2023	Jun 2022	Dec 2022
GBP

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