Supply@ME Capital publishes legacy results

Supply@ME Capital PLC (LON:SYME) has published numbers for the period during which it reversed into cash shell Abal Group.

Turnover in the 6 months to June 30, 2020, increased to £368,000 (2019: £11,000) with losses after tax of £2.11mln.

Exceptional listing costs of £1.37mln were written off during the period.

The company reversed into Abal on March 23, 2020, and now has a standard listing on the LSE.

Supply@ME has established an inventory funding platform and has said it expects to complete its first open-funding securitisation transaction this quarter.