29th Jul 2015 10:59
LONDON (Alliance News) - Hidong Estate PLC on Wednesday said its pretax profit fell in the financial year to the end of March.
The investment company said its pretax profit for the year was CNY194,882, down from CNY388,504 a year earlier. It produces no revenue, but made gains from dividend and interest income.
The company said it is continuing to look for "viable business ventures" and is managing its cash carefully to ensure it is able to take advantage of any opportunities should they arise. It said it held talks on several potential investments in the year but none of these worked out.
Hidong shares were untraded Wednesday, having last traded at 50.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Hidong Est.