Half-year Results
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I am pleased to present the interim results for Oscillate plc (AQSE: MUSH) for the period ending 31 May 2024.
Director’s Statement
During the period the Company made a loss of £302,783 compared with a loss of £508,310 for the same period last year. The loss is mainly due to revaluations of investments. The Board has been working diligently to reduce the administrative costs of the Company and these were £74,461 compared to £71,482 for the comparable period. Although the administrative costs show as slightly higher compared to the comparative period, directors’ salaries are being accrued and remain unpaid. As at 31 May 2024, the Company’s cash position was £1,060,311 (2023: £1,168,956).
The Board of the Company continues to work to source good investments at an attractive price and hopes to be able to update the market presently.
These interim results have not been audited or reviewed by the Company’s auditor.
John Treacy
Independent Non-Executive Director, Oscillate plc
The Directors of the Company accept responsibility for the content of this announcement.
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