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New-look Obtala expects better results in second half

A restructured and rebranded Obtala Ltd (LON:OBT) is looking to scale up operations throughout 2017.
The firm is focused on developing a focused agricultural and forestry business in Africa and has released its first half numbers to end June - a period which saw it sell off the last of its non-core ventures - the retail arm LCS - for US$100.
Miles Pelham,  the chairman, told Proactive's Sarah Lowther that the first half had been challenging and conceded the results were "not  stellar", not least due to that sale of the Lesotho retail  chain but also that traditionally the rainy season is not good for revenues in agriculture and forestry.
"It was a difficult time and certainly a time when we had to retrench and restructure and that has happened and I'm pleased to say we're in a much better place now so we should expect certainly significantly better results in the second half," he said.

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Price: 2.3 GBX

Market: LSE
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