Thalassa Holdings Ltd Reports Improvement in Annual Financial Results for 2023

Thalassa Holdings Ltd has released its audited financial results for the fiscal year ending December 31, 2023. The report reveals a narrower loss after tax of £0.89 million compared to £1.45 million in the previous year. Additionally, the basic and diluted earnings per share improved from (£0.18) to (£0.11).

The company's total book value per share decreased from £1.30 in 2022 to £1.16 in 2023. Investment holdings slightly increased to £8.0 million from £7.7 million. However, cash holdings saw a significant decline, dropping from £1.4 million in 2022 to a mere £0.1 million in 2023.

The financial disclosures were part of an extensive report available for inspection on the company's website and the National Storage Mechanism. These results reflect adjustments and strategies implemented over the past fiscal year despite difficult market conditions globally.