Webis Holdings (GB:WEB) has released an update.
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Webis Holdings PLC has announced a strategic decision to delist from AIM, aiming to reduce costs and protect shareholder value as it focuses on expanding its presence in the North American gaming market. Despite facing challenges in its U.S. operations, including increased competition and low trading volume of shares, the company sees potential growth opportunities through its unique positioning and valuable licenses. The firm also reported a loss of $1.063 million for the year ended 31 May 2024, attributing it to consistent operating costs and a slight decrease in gross profit.
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