TechFinancials Posts Unaudited Interim Report for H1 2021

TechFinancials Inc., a provider of  trading technologies and solutions, yesterday announced its unaudited interim results for the six month period ended 30 June 2021 (H1 2021).

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Financial Overview

· Group Revenues of US$nil (H1 2020: US$0.61m)

· Loss for the period attributable to shareholders of US$0.1m (H1 2020: loss of US$0.55m)

· Cash position at the period end of US$1.33m (31 December 2020: US$1.42m)

· Basic earnings per share (EPS) of (US$0.001) (H1 2020 (US$0.006))

· Footies Ltd. was struck off on 08 June 2021

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Asaf Lahav, Group Chief Executive Board Member of TechFinancials, commented: "In the first half of the year the Company continued to focus on administrative cost reductions, completed the strike off of Footies Ltd. and started the process to strike off its subsidiaries; TechFinancials (Israel) 2014 Ltd., Softbox Technologies Ltd. and Cedex Trading UK."

"The Company plans to continue its attempts to sell all or part of its interest in Cedex to a third party."