FIRST QUARTER - JAnuary-
Revenue amounted to
Operating loss amounted to
Net financial items amounted to
Unrealised changes in property values amounted to
Result before tax amounted to
KEY EVENTS during THE FIRST QUARTER
On
On
EVENTS AFTER THE FIRST QUARTER
On
On
Crown also announced on
CEO statement
Dear shareholders and investors,
We are working hard to implement and build on the major change we have made in the corporate direction of Crown since the start of 2023 and during this year. In January, we signed a Letter of Intent followed, at the beginning of February, by a Share Purchase Agreement whereby we have acquired 85% of SmarTee S.a.r.l., a Luxembourg company which is the parent holding company of the Italian registered
We see great value in our technology, from the smart garments that can be produced, the health monitoring services that can be provided, the medical information that can be gathered through our algorithmic analyses, the medical predictions that can be extrapolated from that data, and the substantial database of medical information that AccYouRate is building up.
This is a very exciting step forward and a material change of direction for Crown into the rapidly expanding and socially responsible world of medical technologies. We now have established a solid starting point for further execution on our new vision to move Crown into more socially and environmentally sustainable businesses. I am truly proud to report that we now embarked on our journey to transform our company for the benefit of both the planet and our shareholders. Our Board continues to look at various options for Crown's new business and for our remaining existing businesses. We are reviewing our current listing to ensure that Crown, now focusing on investing in high growth technologies, is strategically positioned to grow and create value for our shareholders going forward.
ASSET DEVELOPMENT AND MANAGEMENT
The gentle improvement in the market for office and residential rentals in
Although price pressures continue to remain, we still see lower vacancy rates in our properties and expect demand to remain relatively firm given the attractiveness of the locations of these properties.
ENERGY
Our income from the Sale and Purchase Agreement of
In May we announced that we have withdrawn from the South African Licence. This ends our active participation in the oil and gas industry. I am confident in the way Crown now operates our current business areas while moving into our new more sustainable business direction, and I am truly looking forward to continuing this journey and to make the most of what the future has to offer.
Please also refer to the
www.en.accyourate.com
CEO,
This disclosure contains information that
MORE INFORMATION
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https://news.cision.com/crown-energy/r/three-month-report--january-march-2023,c3778272
https://mb.cision.com/Main/6587/3778272/2098394.pdf
https://mb.cision.com/Public/6587/3778272/a31925bf8dfb21d4.pdf
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