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Zentra Group PLC on Wednesday said its narrowed its loss in the 12 months to the end of June, despite lower revenue. The Manchester, England-based residential developer focused on the north of England said revenue plunged 45% to £8.1 million in the 12 months to the end of June from £14.7 million a year ago. The pretax loss narrowed to £1.7 million from £33.6 million, while the loss per share slimmed to 4.4 pence from 8.7 pence. The firm benefited from an exceptional item worth £1.4 million, compared to none in the prior year. This was from a profit on the sale of four entities which were disposed of during the year. Looking ahead, Zentra said the completion of the One Victoria project in Manchester, and the start of on-site work at the 40 apartment New Islington development are a core focus for 2026. ‘The reorganisation of the financial and operational structures in early [financial 2025] has created a leaner team, but with a renewed focus on pipeline projects to create lasting value for our shareholders,’ the firm said. Chair David Izett said: ‘The management team is building a pipeline that looks beyond the limited size ready-to-go schemes of prior years, towards larger projects that require careful planning, structuring and patient execution and, at the same time, exploring development management opportunities with a variety of land owners and end users. The board will continue to support this work through disciplined oversight of risk, returns and capital.’ Shares in Zentra Group were at 2.63 pence each on London’s Aquis Exchange. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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