-
Published on Sep 30, 2016
A restructured and rebranded Obtala Ltd (LON:OBT) is looking to scale up operations throughout 2017.
The firm is focused on developing a focused agricultural and forestry business in Africa and has released its first half numbers to end June - a period which saw it sell off the last of its non-core ventures - the retail arm LCS - for US$100.
The firm is focused on developing a focused agricultural and forestry business in Africa and has released its first half numbers to end June - a period which saw it sell off the last of its non-core ventures - the retail arm LCS - for US$100.
Miles Pelham, the chairman, told Proactive's Sarah Lowther that the first half had been challenging and conceded the results were "not stellar", not least due to that sale of the Lesotho retail chain but also that traditionally the rainy season is not good for revenues in agriculture and forestry.
"It was a difficult time and certainly a time when we had to retrench and restructure and that has happened and I'm pleased to say we're in a much better place now so we should expect certainly significantly better results in the second half," he said.
"We started shipping timber in September and we start to ship the agricultural fresh produce in October, so half way through the second half is when we start seeing revenues come through from those businesses."
At the moment things appear to be going well, adde Pelham.
"It's about putting ourselves in a strong position to scale up throughout 2017."
http://www.4-traders.com/OBTALA-LTD-6627283/
www.obtala.com/
— SocialStockExchange (@SocialStockExch) September 30, 2016
No comments:
Post a Comment