Half Year results

HALFYR

Mon, Nov 28 2022 02:23 pm

Ascension Capital Limited (NZX: ACE) has released its unaudited financial statements for the 6 months ended 30 September 2022.

The financial result for the Group for the six months ended 30 September 2022 is a loss after taxation of NZ$83,386, which is largely made up of the directors’ fees, NZX listing costs, and legal and accounting costs.

During the course of the half year period, the focus of the Board has been to continue to seek to identify a suitable business opportunity to invest in and/or acquire through a reverse takeover (“RTO”) transaction. Currently, there are no new RTO initiatives being actively investigated, but the Company will provide the market with any updates as to material developments as they may arise.

We thank you for your continued patience and support and look forward to working hard to ultimately provide you with an RTO transaction proposal to consider during the first half of the 2023 calendar year.