Business
Half-year Results
Half-year Results.
About this update from Aura Renewable Acquisitions Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Aura Renewable Acquisitions plc\n \n \n \n \n (\"Aura\" or \"Company\")\n \n \n \n \n \n \n \n \n \n Interim Results for the period ended 30 June 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n 7 September 2022 - Aura Renewable Acquisitions plc, a UK-based company, whose objective is to invest in the global renewable energy sector supply chain and thereby build shareholder value, announces its maiden interim results for the period from the date of incorporation on 4 November 2021 to 30 June 2022.\n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n \n \n ·\n Raised an initial £1m\n on the Standard Segment of the Main Market of the London Stock Exchange.\n \n \n \n \n \n ·\n The costs of the IPO process and minimal overheads resulted in a loss before tax of £164,065, EPS (4p loss).\n \n \n ·\n Targeting acquisitions operating in the Global Renewable Energy Sector Supply Chain.\n \n \n ·\n A very experienced board with extremely strong sector experience and expertise and a clear expansion strategy.\n \n \n \n \n \n ·\n Low-cost base and good visibility towards potential targets.\n \n \n \n \n \n ·\n Best practice ESG policies will be put in place to support and encourage sustainability across our business.\n \n \n \n \n \n \n \n \n John Croft, the Chairman of Aura commented:\n \n \n \n \n \n \n \"During this initial financial period the Company joined the Standard Segment of the Main Market of the London Stock Exchange on 8th April 2022 and raised gross proceeds of £1,000,000 from a placing and subscription.\n \n \n \n \n \n \"Since listing, Aura has begun to explore a range of potential targets in the UK and overseas which could offer the opportunity for significant growth in this exciting and fast-moving market sector. We have also been in discussions with the Board's extensive professional and business networks to raise the Company's profile and highlight its intentions and objective to this large potential introducer base.\n \n \n \n \n \n \"The current worldwide economic and political uncertainty caused by supply chain issues, inflation, interest rate rises, hostilities in Europe and further afield, the lingering impact of Covid and climate change, have had a dampening impact on capital m...