Getech Group plc and Thalassa Holdings Ltd - Results
Some solid announcements from Getech and Thalassa this morning.
?Getech’s H1 results show a loss for the period of circa £700k against a profit of a very similar magnitude last year. This is by no means a disastrous outcome for a company operating in a sector undergoing such a severe and prolonged downturn in demand. Cash remains strong at £2.7m (£1.8m net ~5p a share) and a new $1m contract announced this morning will help H2 which is said to have started “strongly”. The house broker WH Ireland, lowered FY revenue forecast by 10% to £9.0m but given the H1 actual,…