9th Feb 2015 09:45
LONDON (Alliance News) - AIM-listed investing company Guscio PLC on Monday reported a slightly wider pretax loss in line with its administrative costs as the company produced no revenue in its last financial year.
Guscio said its pretax loss for the year to September 30 was GBP177,000, compared to a GBP113,000 loss last year. The loss is in line with its administrative costs for both years, as the company again produced no revenue.
The company disposed of its two trading arm in September and was re-classified as an investing company.
Since then, it struck a deal in December to provide a GBP125,000 convertible loan note to Sportsdata Ltd, a technology company which has developed a website for the purposes of monitoring and improving the physical literacy of children.
Guscio shares were down 7.0% to 8.25 pence on Monday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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