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Iconic Labs PLC on Tuesday reported a narrowed full-year loss on lower operating costs.
The London-based media and technology company recorded a pretax loss of £762,107 in the year to June 30, narrowed from £7.7 million a year prior.
Administrative expenses fell to £203,930 from £3.6 million.
Meanwhile, revenue dropped to £26,823 from £509,171.
Iconic noted that it is currently not profitable. It said that future revenue and profit depend on its trading suspension being lifted.
‘With this successful restructuring behind us, our goal now is to get the suspension of Iconic’s shares lifted so that trading can resume, financing can continue, and we can implement our strategic objectives for the company,’ Chief Executive & Chair Brad Taylor comments.
Last week Thursday, it reported belated results for financial 2021.
By Abby Amoakuh, Alliance News reporter
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