Business
Final Results
Final Results.
About this update from Cordel Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6906O\n Maestrano Group PLC\n 12 October 2021\n \n \n \n \n 12 October 2021\n \n \n Maestrano Group PLC \n \n \n (\"Maestrano\" or the \"Company\" or the \"Group\")\n \n \n \n \n \n Results for the year ended 30 June 2021\n \n \n Publication of Annual Report and Accounts and Notice of Annual General Meeting\n \n \n \n \n \n Maestrano (AIM: MNO), the Artificial Intelligence platform for transport corridor analytics, today announces its results for the 12 months ending 30 June 2021.\n \n \n \n \n \n \n Financial Highlights\n \n \n \n \n \n \n \n \n GBP 000's\n \n \n \n \n \n \n Twelve months to 30 June 2021*\n \n \n \n \n \n \n Twelve months to 30 June 2020**\n \n \n \n \n \n \n % Change\n \n \n \n \n \n \n % Change constant currency\n \n \n \n \n \n \n \n \n Total Revenue \n \n \n \n \n \n \n 1,690\n \n \n \n \n \n \n 872\n \n \n \n \n \n \n 94%\n \n \n \n \n \n \n 94%\n \n \n \n \n \n \n \n \n Cost of sales\n \n \n \n \n \n \n (604)\n \n \n \n \n \n \n (335)\n \n \n \n \n \n \n (80)%\n \n \n \n \n \n \n (92)%\n \n \n \n \n \n \n \n \n Total expenses\n \n \n \n \n \n \n (2,933)\n \n \n \n \n \n \n (1951)\n \n \n \n \n \n \n (50)%\n \n \n \n \n \n \n (41)%\n \n \n \n \n \n \n \n \n Grant Income\n \n \n \n \n \n \n 601\n \n \n \n \n \n \n 442\n \n \n \n \n \n \n 35.6%\n \n \n \n \n \n \n 33.8%\n \n \n \n \n \n \n \n \n Other income\n \n \n \n \n \n \n 16\n \n \n \n \n \n \n -\n \n \n \n \n \n \n -\n \n \n \n \n \n \n -\n \n \n \n \n \n \n \n \n Interest revenue \n \n \n \n \n \n \n 7\n \n \n \n \n \n \n 2\n \n \n \n \n \n \n 250%\n \n \n \n \n \n \n 324%\n \n \n \n \n \n \n \n \n Loss before income tax\n \n \n \n \n \n \n (1,222)\n \n \n \n \n \n \n (970)\n \n \n \n \n \n \n (26)%\n \n \n \n \n \n \n (12)%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n *Constant currency reflects the results had the underlying transactional currencies been constant in both periods reported. Revenue for the twelve months to June 2020 was predominantly in Australian dollars.\n \n \n ** as per FY2020 Financial Statements\n \n \n \n \n \n Operational Highlights\n \n \n for the Period\n \n \n \n \n \n · \n First US Contract with Union Pacific Railroad, the second largest Class 1 Railroad in the US\n \n \n \n \n · \n Network Rail (UK) 12-...