- DGR Global (DGR) has entered back-to-back trading halts while it considers, plans, and executes a capital raise
- The company will remain in the halts until October 12 or when an announcement is made, whichever occurs first
- In its annual report, DGR revealed it had a total revenue and other income of just under $5 million, an increase from the $3.6 million last financial year
- However, it reported a loss of more than $5.9 million, an increase of more than $1 million from last year
- Shares in DGR last traded for 9.6 cents on October 5
DGR Global (DGR) has entered back-to-back trading halts while it considers, plans, and executes a capital raise.
The company will remain in the halts until October 12 or when an announcement is made, whichever occurs first.
At this point, DGR is yet to disclose how much it will be raising or what the funds will go towards.
In its annual report, DGR revealed it had a total revenue and other income of $4,997,448, an increase from the $3,633,587 reported on last financial year.
However, it reported a loss of $37,214,546, down from a $14,327,892 profit from the year ending June 30, 2019.
DGR last entered a trading halt in April ahead of a $5.67 million non-renounceable entitlement offer.
The company stated it would use the funds to develop its business and its investment in its subsidiaries, and meet strategic goals.
Shares in DGR last traded for 9.6 cents on October 5.