Supersearch Plus swings to interim loss, exploring AI adoption
Supersearch Plus PLC on Wednesday saw its bottom line hurt by one-off listing expenses as the company reported a focus on investing in efficiency and cost-effectiveness.
The Hong Kong-based frozen seafood importer and wholesaler swung to a £51,000 pretax loss for the six months that ended June 30, from a profit of £140,000 a year prior.
Turnover edged 2.0% lower to £548,000 from £559,000, but with the bottom line weakness owed to one-off listing expenses of £180,000.
The company began trading on London’s Aquis Stock Exchange in March, with its bid-ask spread of 10.00 pence to 20.00p unchanged on Wednesday from its IPO date.
Shares were quoted unchanged at 15.00p on Wednesday afternoon in London.
Profit before listing expenses came in at £129,000, with Supersearch Plus hailing the trading performance as ‘solid’.
‘We are very pleased with SuperSearch’s continued growth and resilience. SuperSearch has demonstrated strong fundamentals and a clear trajectory for expansion, with a clear priority being the broadening of our customer base and the strengthening of collaborations with major customers, particularly within the overseas Chinese community in Asia,’ said Chief Executive Foelan Wong.
‘We are investing further in automation to improve production efficiency and cost-effectiveness. At the same time, we are building a stronger and more resilient value chain by deepening relationships with existing suppliers and forming new partnerships, thereby supporting both current operations and future growth....New opportunities in seafood production technology are also being explored. This includes the adoption of artificial intelligence to improve the efficiency and accuracy of information management across our operations,’ added Wong.
Copyright 2025 Alliance News Ltd. All Rights Reserved.