26th Jun 2020 12:38
(Alliance News) - Boston International Holdings PLC on Friday said its loss narrowed in 2019 amid reduced operating expenses.
The investment company reported a net pretax loss of GBP334,880 for 2019, narrowed from GBP424,977 a year prior. There was no revenue in the period, as the company is still in the process of assessing potential acquisitions.
Boston International said its operating expenses were lower in 2019, at GBP174,303 versus GBP241,693 a year prior. Takeover costs were down to GBP161,924 from GBP185,226 year-on-year.
Cash at bank amounted to GBP302,458 at the end of 2019 compared to GBP421, 886 a year ago. Net assets stood at GBP268,872 versus GBP303,752 as at the end of 2018.
No dividends were paid during the year and none are proposed.
Boston International shares were untraded in London on Friday, last closing at 3.00 pence each.
By Evelina Grecenko; [email protected]
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