17th Sep 2018 13:30
LONDON (Alliance News) - Golden Rock Global PLC on Monday said its loss narrowed in the first half of 2018 as it continues to look for investment and acquisition opportunities.
The investment company said its loss narrowed slightly in the first six months of 2018 to GBP135,995 compared to GBP187,021 reported for the same period a year earlier.
During the period Golden Rock Global said it has continued its search for a suitable acquisition but noted that the number of opportunities it has received has recently slowed down. In light of this, the company has appointed professional advisers to generate an increased supply of potential opportunities over the coming months.
The company also noted that its cash balance as at the end of June totalled GBP773,172.
"Whilst it is taking longer than originally anticipated to find a suitable acquisition, the board's view remains that the fintech sector is a global phenomenon that is still gathering strength and that a suitable opportunity that satisfies the company's investment criteria will be identified," said Chairman Ross Andrews.
Shares in Golden Rock Global were untraded on Monday, last quoted at 5.03 pence each.
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