29th Jan 2016 15:43
LONDON (Alliance News) - Draganfly Investments Ltd said on Friday it was continuing to look for investment opportunities and hoped to be in a position to update shareholders in the coming months, after its loss narrowed in the six-month period to October from the same period the previous year.
The investment company posted a loss of GBP35,927 in the period, versus a loss of GBP41,024 a year earlier.
"The operating loss results from an unrealised loss on investments due to a change in fair value, together with administrative expenses. Administrative expenses in the period were lower than the comparative prior period," said Chairman Edward Bayman.
Draganfly shares were untraded at 0.90 pence on Friday.
By Hannah Boland; [email protected]; @Hannaheboland
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