Cambria Africa (GB:CMB) has released an update.
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Cambria Africa PLC reports a decrease in half-year revenues by 59% and a post-tax loss of $44,000, due to economic challenges in Zimbabwe affecting its subsidiaries Tradanet and Autopay. Despite these setbacks, the company’s Net Asset Value (NAV) rose 6% to $6.119 million. Amid operational challenges, Cambria is set to cancel trading of its ordinary shares on AIM following the lifting of the suspension and the failure to appoint a new Nominated Adviser.
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