Quantum Blockchain Technologies Loss Widened in 2020

By Jaime Llinares Taboada

Quantum Blockchain Technologies PLC on Friday reported a widened loss for 2020.

The London-listed investment company booked a net loss of 1.2 million euros ($1.4 million) for the year, compared with a EUR624,000 loss in 2019.

“Our commitment to return value to shareholders was strengthened in the year by favourable results in certain legal cases, but mostly by the groundwork we have laid in positioning the Company squarely within the quantum computing, blockchain and cryptocurrencies sectors; the results of which, we expect to be seen in 2021 and beyond,” Executive Chairman Francesco Gardin said.

Shares at 1002 GMT were down 2.4% at 1.00 pence.

Write to Jaime Llinares Taboada at [email protected]; @JaimeLlinaresT