UK's Pelatro hits record low on customer payment delays

Pelatro

18/07/2023 08:29

** Shares in Pelatro Plc  PTRO.L  halves to record low of 4p
    ** Telecoms-focused marketing software firm flags delays in
customer payments totaling nearly $1.1 mln from four specific
customers 
    ** Says, co in dispute with two of these customers that are
unwilling to pay for services and products received
    ** Adds, while other customer payments of $2.6 mln are
expected between July and September, co will require additional
external funding in final quarter of FY 
    ** Stock on track to log record intraday losses, if trend
holds 
    ** Up to last close, stock had fallen ~29% so far this year 


    
   

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))