9 Spokes International Limited Announces Half Year Results; Reports Operating Loss of $3.0 million

  • Dec 01, 2019 AEDT
  • Team Kalkine

9 Spokes International Limited (ASX: 9SP) has released condensed interim financial statement for the half year ended 30th September 2019.

Key Highlights:

  • The company reported operating loss before tax of $3.0 million (2018: $4.9 million), a reduction of 45%;
  • Total expenses stood at $5.8 million (2018: $9.9 million), a reduction of 43%;
  • Receipts from customers were $3.2 million (2018: $3.2 million); payments to employees and suppliers decreased to $5.4 million, a reduction of 47%.

The stock of 9SP closed at $0.019 per share, no change from its previous close


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