Business
Anemoi International Ltd: 2024 Interim Result...
Anemoi International Ltd: 2024 Interim Result....
About this update from Anemoi International Limited
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\nAnemoi International Ltd (AMOI)\n\n\n\n\n\n\nAnemoi International Ltd: 2024 Interim Results 27-Sep-2024 / 07:00 GMT/BST\n\n\nAnemoi International Ltd\n\n \n\n \n\n \n\n \n\nAnemoi International Ltd\n\n(Reuters: AMOI.L, Bloomberg: AMOI:LN)\n\n(\"Anemoi\" or the \"Company\")\n\n \n\nInterim Results for the period ended 30 June 2024\n\n \n\nThe Company is pleased to announce its results for the six months ended 30 June 2024. The unaudited interim results have been submitted to the FCA and will shortly be available on the Company’s website: www.anemoi-international.com \n\nChairman’s Statement\n\n \n\n\nUnaudited interim results for the six months to 30 June 2024.\n\nH1 2024 Revenues were disappointing and whilst we succeeded in cutting costs substantially, the Company still registered a loss for the period, albeit a substantially reduced loss compared to H1 2023.\n\nAs I have previously stated, I believe in the future of id4 but the Company is too small to sustain the costs of a public company. We have, therefore, explored a number of potential acquisitions, some in unrelated industries, in order to scale the business; upon closer inspection, none have yet fulfilled our acquisition criteria. \n\nWith regard to the future of id4, we are redoubling our efforts to increase revenues and are implementing an amended sales strategy to target intermediaries, such as resellers, consultants, system integrators and other service providers with broader and better client access, as well as continuing with our direct client sales efforts, which I am now directly supporting.\n\nCurrent sales pipeline is positive, and we are working hard to close some pending contracts, which have the potential for a material positive impact on H2 2024/H1 2025 results.\n\n \n\nDuncan Soukup\n\nChairman \n\nAnemoi International Ltd \n\n26 September 2024\n\n \n\n \n\nFinancial Review\n\nDuring the period under review Book Value per share decreased by 5.0% from 2.60p as at 31 December 2023 to £2.47p per share at 30 June 2024, driven by ongoing operating losses in ID4 AG, partially offset by investment returns of £26k on listed securities and a decision by the Chairman to waive all of his consultancy fees which had been accrued from 2021 through H1 2024.\n\nThe Group Operating Los...