Business
Half-year Report ended 30 June 2021
Half-year Report ended 30 June 2021.
About this update from Davictus Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3686P\n daVictus plc\n 18 October 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n DAVICTUS PLC\n \n \n \n \n \n \n \n \n CONDENSED CONSOLIDATED UNAUDITED INTERIM FINANCIAL STATEMENTS\n \n \n \n \n \n For the six months ended 30 June 2021\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 Chairman’s Statement\n \n \n \n I am pleased to report the interim financial statements of Davictus PLC (the \"Company\" or Davictus\") for the six months ended 30 June 2021.\n \n \n \n \n \n The Company had on 21 June 2021 raised equity funds of £36,000 (gross) through the issuance of 1,200,000 ordinary shares of no-par value at a price of 3.0 pence per ordinary share. The purpose of the fund raise was to provide additional working capital for the Company.\n \n \n \n \n \n Currently, the Company is in the midst of finalizing its second franchisee appointment which is targeting to start its operation within the fourth quarter of the year. The Company however has not entered into any agreement for the second franchisee as at the date of this report. It is anticipated that the franchisee appointment will be finalised within this month.\n \n \n \n \n \n Meanwhile the franchisee in Kuala Lumpur has started to adapt new normalcy with the recovering economy with revised restaurant SOP being implemented. Operations will resume as normal by December this year. \n \n \n \n \n \n As always, I remain optimistic with our business prospects because we have a great premium dining brand with many unique offerings.\n \n \n \n \n \n The board would like to thank all the stakeholders of the Company for their continued support.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Abd Hadi Bin Abd Majid\n \n \n Chairman\n \n \n \n \n \n 18 October 2021\n \n \n Director’s StatementFor the reporting period under review, the Company reported a net loss of £5,404. At 30 June 2021, the Company had cash in bank of £45,523. There are a number of potential risks and uncertainties which may have material impact on the Company's performance over the remaining six months of the financial year and could cause actual results to differ materially from expected and historical resul...