Brief: S-Ventures Proposed Fundraise And Trading Update

S-Ventures

18/10/2023 07:16

Oct 18 (Reuters) - S-Ventures PLC  SVEN.ASE :
    * S-VENTURES PLC  - PROPOSED FUNDRAISE AND TRADING UPDATE
    * S-VENTURES PLC - HAS COMMENCED A FUNDRAISING PROCESS
INTENDED TO
RAISE NO LESS THAN £2.5M
    * S-VENTURES PLC - TOTAL GROSS REVENUES FOR YEAR ENDED 30
SEPTEMBER 2023 ARE EXPECTED TO BE AT LEAST £16.9M (2022: £8.6M)
    * S-VENTURES PLC - NET DEBT AS AT 30 SEPTEMBER 2023 IS
EXPECTED TO
BE APPROXIMATELY £6.8M INCLUDING A DIRECTOR'S LOAN OF £0.6M
    * S-VENTURES PLC - TO FURTHER ENHANCE PROFITABILITY AND CASH
GENERATION, WE ARE STRATEGICALLY FOCUSING ON STREAMLINING OUR
OPERATIONS
    * S-VENTURES PLC - STREAMLINING OPERATIONS INVOLVES
CONSOLIDATING
CENTRAL OVERHEADS AND INTEGRATING SPECIFIC FUNCTIONS WITHIN BOTH
PULSIN AND JUVELA


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