30th Oct 2015 08:51
LONDON (Alliance News) - Highway Capital PLC's pretax loss widened in the half year to the end of August 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 GBP65,000 from GBP53,000, exactly in line with a rise in administrative expenses.
In the half, the company secured a GBP120,000 loan from non-executive director Maciej Szytko to ensure it has adequate resources to pursue its investment strategy.
Shares in Highway Capital were up 8.6% to 19.00 pence on Friday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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