21st Dec 2015 14:15
LONDON (Alliance News) - Hermes Pacific Investments PLC on Monday said its cash balance puts it in a position to prosper when investment prospects improve.
The company's accounts for the six months ended September 30 showed that its loss before and after tax narrowed to GBP44,000 from GBP53,000 in the corresponding half the prior year.
At the period end the company had net assets of GBP4.0 million, with the vast bulk of that being in cash.
Shares in Hermes were untraded on Monday. The stock has not traded since November 17.
By Samuel Agini; [email protected]; @samuelagini
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