Business
FY Results to 31 December 2017 and Notice of AGM
FY Results to 31 December 2017 and Notice of AGM.
About this update from Quantum Blockchain Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 1332T Clear Leisure PLC 29 June 2018 \n\n29 June 2018\n \n \nClear Leisure Plc\n(\"Clear Leisure\", \"the Company\" or \"the Group\")\n \n \nFINAL RESULTS\nFor the Year Ended 31 December 2017\n \nClear Leisure (AIM: CLP), an AIM listed investment company, announces its final results for the year ended 31 December 2017. \n \n \nHIGHLIGHTS:\n \n· Loss before Tax of €1.88 million (2016: loss of €0.397 million), due mainly to enforced bankruptcy of Mediapolis\n· Operational Loss of €0.32 million (2016: €0.89 million)\n· Group Net Asset Value at €1.2 million (31 December 2016: €1.6 million)\n \n \nFrancesco Gardin, CEO and Chairman of Clear Leisure, commented,\n\"Since the current board was appointed in July 2015, the necessary focus has been on improving the financial health of the Group through court-led recoveries of misappropriated assets, asset disposals, debt reduction on favourable terms and securing the funding to support these initiatives. Although much has been achieved in meeting these objectives, the process is not yet complete.\n \nA significant and disappointing development has been the Italian Court inspired bankruptcy of a major subsidiary, Mediapolis. The Company together with Mediapolis has responded to this declaration by securing Court recognition...