Argo Blockchain Plc Revenue For H1FY19 Surges By 283% From FY18

  • Sep 17, 2019 BST
  • Team Kalkine

Argo Blockchain Plc (LSE: ARB) in its interim results for the six months period ended 30 June 2019, has reported a surge of 283 per cent in revenues to £2.93 million from the full-year revenues of £0.76 million for the period ended 31 December 2018. The company reported an operating profit of £0.94 million while it was a loss of £4.14 million for FY 2018. On operational front, the company with the help of the new strategy was able to reduce its annual mining cost base by 35 per cent.

On 17th September 2019, at the time of writing, GMT 08:07 AM, ARB shares were trading at GBX 10.40, up by 0.50 points or 5.05% against the previous day closing price.

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