UK's Insig AI falls after HY loss widens

Insig Ai

19/12/2022 14:13

** Shares of UK-based technology and data science co Insig
AI  INSG.L  fall as much as 5.8% to 16p
    ** INSG's loss for half year ended Sept 30 widens to 2.8 mln
pounds ($3.40 mln) from loss of 650,000 pounds last year
    ** Co records depreciation and amortisation charges of 1.4
mln pounds during HY; directors not recommending dividend
payment
    ** Co says it is adopting "cautious approach" owing to
market uncertainty, harsher fundraising conditions and
recessionary fears 
    ** Including session's move, INSG down about 66% YTD 
($1 = 0.8224 pounds)
 (Reporting by Muhammed Husain in Bengaluru)
 ((Muhammed.Husain@thomsonreuters.com;))