Brief: Titon Holdings PLC Provides Trading Update

Titon Holdings

04/12/2023 07:19

Dec 4 (Reuters) - Titon Holdings PLC  TITN.L :
    * TITON HOLDINGS PLC  - TRADING UPDATE
    * TITON HOLDINGS PLC - GROUP CASH AT 30 SEPTEMBER 2023 WAS
£2.2M,
UP FROM £1.6M REPORTED AT END OF H1 FY22/23
    * TITON HOLDINGS PLC - BOARD OF TITON REMAINS CONFIDENT IN
LONG-TERM PROSPECTS OF GROUP
    * TITON HOLDINGS PLC - CURRENTLY EXPECTS UK AND EUROPEAN
BUSINESS
TO REPORT A LOSS BEFORE TAX FOR H1 FY23/24
    * TITON HOLDINGS PLC - EXPECTS TO RETURN TO PROFITABILITY IN
UK
AND EUROPE FROM Q2 OF FY23/24
    * TITON HOLDINGS PLC - TITON KOREA IS EXPECTED TO REMAIN
LOSS-MAKING IN FY23/24 DUE TO CONTINUING CHALLENGING CONDITIONS
IN THAT MARKET

Source text for Eikon:  ID:nRSD4799Va 
Further company coverage:  TITN.L 

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