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Mirada PLC - Surrey, England-based provider of software for digital television - Increases its loan facility with Leasa Spain SLU by €700,000 to €5.1 million. In June 2019, Mirada’s subsidiary, Mirada Iberia, SAU, agreed to a loan facility of up to €1.4 million. This has been increased several times since, most recently before Wednesday to €4.4 million at the end of October. The facility matures at the end of November 2023. It is unsecured and has an interest rate of 8% per year on money that is drawn from it.
Earlier on Wednesday, Mirada reported that pretax loss in the six months that ended September 30 narrowed to $1.0 million from $1.2 million a year prior. Revenue fell to $5.2 million to $6.0 million, but administrative expenses were reduced to $6.2 million from $6.7 million. Further, cost of sales decreased by 61% to $145,000 from $369,000.
Current stock price: 34.75 pence, up 8.6% on Wednesday
12-month change: down 53%
By Tom Budszus, Alliance News reporter
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