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Cambria Africa PLC’s shares enjoyed a boost on Friday, as they returned to trading following the publication of both its interim results for this year, and full year results for financial 2023. Cambria Africa is a holding company for firms operating in Zimbabwe. Its shares jumped 65% to 0.35 pence each in London on Friday afternoon. The shares resumed trading on the publication of Cambria Africa’s results. However, as announced in September, the company will cease to have a nominated adviser from October 14. This means that Cambria Africa’s shares will once again be suspended on October 14, and as the company has decided not to appoint a new adviser, will remain so until the cancellation of admission of shares on October 22. For the six months ended February 28, 2024, Cambria Africa reported a net asset value per share of 1.12 US cents, up 6% from 1.06 cents a year prior. Revenue, however, fell 59% to $185,000 from $451,000. Operating costs were down 41% to $192,000 from $323,000. Separately, Cambria Africa also issued its annual report for the year ended August 31, 2023. Revenue was virtually unchanged at $922,000 from $920,000, while pretax profit was up to $335,000 from $139,000. Operating costs fell to $585,000 from $623,000. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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