Tantalizers Investors Optimistic As 42.17% Pre-Tax Loss Mitigated

Tantalizers PLC declared a pre-tax loss of -164.7 million for the second quarter of 2024.

This is a 42.17% annual increase in comparison to the -284.9 million recorded loss in 2023.

The study states that from -742.3 million in the prior year, cost of sales reduced by 51.26% in the current year. Reduction in the cost of sales and cash injections from shareholders cushioned the impact of revenue decline due to low customer patronage in Q2 of 2024.

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 Key Highlights:

Net Revenue:                                             559.9 million, -51.97% YoY

Cost of sales:                                            -361.8 million, 51.26% YoY

Gross profit:                                              198.1 million, -53.21% YoY

Administrative Expenses:                           -388.7 million, 54.14% YoY

Net Finance costs:                                   -31.4 million, 70.14% YoY

Pre-tax loss:                                              -164.7 million, 42.17% YoY

Cash & cash equivalents:                         72.7 million, 204.00% YoY