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IN BRIEF: GSTechnologies full-year revenue down; loss widens

ALN

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Reports revenue of $2.3 million for the year ended March 31, down 45%from $4.2 million in financial 2022. Says net operating income of $443,000, multiplying from $47,000 the year prior. Says pretax loss was $1.6 million, widening from $1.4 million the previous year. Chair Tone Kay Kim says ‘there is a very bright future for GST’, adding that the firm is exploring further acquisition opportunities following its recently proposed purchase of PAYPT Finance Ltd.

Current stock price: 0.78 pence each, up 17% on Monday

12-month change: down 31%

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