News blog

Vmoto Ltd

• BY: Andrew Hore |
• POSTED: 30/08/2013 |

Electric scooter manufacturer Vmoto Ltd has reported a 87% increase in interim revenues to A$9.79m.

Vmoto still lost A$554,000 in the first half of 2013, although was well down on the figure for the first half of 2012. Trading continued to be strong in July and there was a profit made for that month as well as for June.

The full year profit is expected to be between A$300,000 and A$600,000 even though the first five months of the year were loss-making.

Vmoto has raised A$1.5m at A$0.02/share and this will provide working capital to help satisfy growing demand. 

At 1.43p a share, Vmoto is valued at £12.8m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFAugust2013_47.pdf