18th Apr 2019 10:26
LONDON (Alliance News) - Golden Rock Global PLC on Thursday said its annual loss narrowed due to gains on foreign exchange, as the search for a potential acquisition continues.
For 2018, the cash shell posted a pretax loss of GBP227,973 compared with GBP365,959 a year ago. It did not generate any revenue.
The loss reduction was due to a GBP32,959 gain on foreign exchange compare to a forex GBP109,890 loss a year ago.
All other expenses remained broadly in line with the previous year.
The company was formed to find an acquisition focusing on the financial and technology sector. It is currently still looking for a suitable acquisition.
Shares in Golden Rock were untraded on Thursday at 5.51 pence each.
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