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Thalassa swings to loss as value of investments falls

By BFN News | 09:37 AM | Wednesday 28 August, 2019


Investment company Thalassa Holdings swung to a first-half loss after the value of its holdings fell. Net losses for the six months through June amounted to $2.3m, compared to losses of $4.4m on-year. 'Based on our relatively negative view on the outlook for global economic growth and the impact it could well have on inflated asset valuations, your board has taken a very cautious approach to reinvesting the company's cash,' chairman Duncan Soukup said. At 9:37am: (LON:THAL) Thalassa Holdings Ltd share price was -0.5p at 70.5p Story provided by StockMarketWire.com

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