28th Apr 2020 18:02
(Alliance News) - Investment vehicle Honye Financial Services Ltd on Tuesday said it narrowed its interim loss and has continued reviewing possible investments.
In the six months ended January 31, its pretax loss trimmed to GBP160,943 from GBP588,459 in the year prior.
Its loss is solely due to administrative expenses, these fell 73% year-on-year.
Honye said: "The coronavirus continues to disrupt the world's businesses and the lockdown in the UK has dramatically slowed economic activity here. There is light at the end of the tunnel as we see China beginning to return to normal after several months and there are tentative steps in Italy, Austria and Denmark to slowly lift restrictions allowing people to return to work.
"Your board throughout this period has continued to review possible investments and acquisitions and hope to identify one sufficiently attractive for the company to acquire or invest in the next few months."
Shares in the company closed untraded at 31.00 pence each in London on Tuesday.
By Eric Cunha; [email protected]
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