Business
Half-year Report for period 30 September 2022
Half-year Report for period 30 September 2022.
About this update from Amala Foods Plc
[{"type":"text","content":"\n \n \n \n Amala Foods Plc\n \n \n \n \n (\n \n \"\n \n Amala\n \n \n \" or the\n \n \"\n \n Company\")\n \n \n \n \n \n \n \n Half Yearly Financial Report Ended 30 September 2022\n \n \n \n \n \n \n \n \n Amala Foods Plc (LON: DISH), a cash shell company, is pleased to announce the publication of the Half Yearly Financial Report for the period ended 30 September 2022 which is below this announcement. The Half Yearly Financial Report will also shortly be available via the National Storage Mechanism.\n \n \n The Company will now make application to the FCA for the listing to be restored.\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (\"MAR\").\n \n \n \n \n \n \n \n \n Enquiries:\n \n \n \n \n \n Jonathan Morley-Kirk, Non-Executive Chairman\n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n REPORT OF THE DIRECTORS\n \n \n \n \n \n \n The Directors present the report together with the unaudited interim financial statements for the Company for the half-year ended 30 September 2022.\n \n \n \n \n \n \n The Company\n \n \n \n \n \n \n Amala Foods Plc is registered (registered number 121041) and domiciled in Jersey. It was incorporated on 11 April 2016\n .\n \n \n \n \n \n \n Principal Activity and Business Review\n \n \n \n \n \n \n The Company's principal activity during the period ended 30 September 2022 was a cash shell company. The Company signed a Share Purchase Agreement with Terra Rara UK Ltd that would have resulted in a Reverse Takeover. The proposed transaction was terminated after the period. The Directors are actively seeking new opportunities that will lead to a Reverse Takeover.\n \n \n \n \n \n \n Results and Dividends\n \n \n \n \n \n \n The results of the Company for the half-year ended 30 September 20\n 22\n show a loss before taxation of GBP 82,631\n (30 September 2021\n showed a loss of GBP 60,101\n ).\n \n \n \n \n \n No dividends have been paid during the half-year ended 30 September 20\n 22\n or during the comparative period.\n \n \n \n \n \n The Directors note that the 30 September 2021 comparatives are re-stated in this half yearly report as they reflect the Company results only ...