29th Sep 2014 10:14
LONDON (Alliance News) - CEB Resources PLC said Monday that it swung to a loss in the full-year as the group's net investment profit fell during the period.
The group's loss for the year to April 30 was GBP700,000 against a profit of GBP225,000 for the same period last year.
The loss came on the back of a lower net investment profit for the company over the year, down to GBP274,000 against GBP1.1 million last year.
During the year, the company, formerly known as Clean Energy Brazil, switched its investment strategy to focus on acquisitions of natural resources or energy companies, focusing on Australia.
CEB Resources shares were trading down 13.3% at 0.26 pence per share on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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