26th Jun 2015 07:49
LONDON (Alliance News) - Castle Street Investments PLC on Friday said it is making progress on its finances and said it still running the rule over potential acquisitions.
The investment company, which was formerly dating site Cupid PLC, said it is making progress on closing its liabilities on satisfactory terms. It expects its cash balance at the end of the year to be more than GBP21.5 million, GBP0.5 million higher than its previous estimates.
The company is also continuing to evaluate potential investment targets, as an alternative to a cash distribution to shareholders.
Shares in Castle Street were down 3.0% to 32.00 pence on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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