East Imperial PLC (LSE:EISB) plummeted on the AIM market following the premium drinks distributor’s latest full-year results.
Though revenues ticked 14% higher, cash flows have come under considerable stress and the group is in “advanced discussions with potential debt funders to provide additional working capital to support ongoing expansion”.
East Imperial closed the year with a negative cash position when taking into account overdrafts.
Shares were down 35% to 1.44p at the time of writing.