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Kalkine Media ASX Share Market News & Research

Star Phoenix Group declines to US$5.4 million in H1FY20 from the same period previous year

March 16, 2020 10:07 AM GMT | By Team Kalkine Media
Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

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Star Phoenix Group (LON:STA) has released its half-year report for the 6 months ending 31 December 2019.

  • The company reported that it signed an agreement for the sale of the Trinidad subsidiary, and the closing of the transaction is underway with all key completion conditions in place.
  • The sale is for a cash consideration of US$2.5 million and in exchange for offsetting all outstanding debt and payables of the company.
  • In the reported period, the revenues from upstream operations of the company stood at US$5.4 million as compared to US$6.4 million in the previous year.
  • On 16th March 2020, at the time of writing, GMT 08:05 AM, STA shares were trading at GBX 1.35, unchanged against the previous day closing price.

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