1st Jul 2016 09:40
LONDON (Alliance News) - Highway Capital PLC Friday said its pretax loss widened in the year to the end of February due to a slight increase in administrative costs.
The investing company, which produces no revenue and has no investments on its books, said its pretax loss widened to GBP131,793 from GBP124,290, in line with a rise in administrative expenses.
Highway said it continues to "seriously consider all business opportunities that might materialise" and will be focusing its energies on the Central Europe market.
It will also continue to seek to secure more financing to back its acquisition ambitions.
Highway Capital shares were untraded on Friday, having last traded at 13.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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