24th Dec 2019 08:46
(Alliance News) - Fandango Holdings PLC on Tuesday said it is mulling investment options as its loss narrowed in its recently-ended financial year.
The investment company said its loss narrowed to GBP74,000 in the year to the end of August compared to GBP290,000 loss a year earlier, as investment income multiplied to GBP159,000 from GBP39,000.
Meanwhile, administrative expenses were reduced by almost a third to GBP189,000 from GBP278,000 year-on-year.
Fandango said its results include the running costs and listing fees on the London Stock Exchange standard segment. The company's shares remain suspended.
Since February 2018 Fandango has made loans to Stranger Holdings PLC, which attract interest at 10% per month since May 2018, doubled versus 5% interest a month prior to that date.
Looking ahead, the company said it continues to investigate a number of opportunities for a suitable investment.
By Evelina Grecenko; [email protected]
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