28th Jun 2021 11:43
Origo Partners PLC - Isle of Man-based investment company - Posts net asset value at year end 2020 of USD2.3 million, down from USD3.6 million in 2019. Says the decline comes from a write down of the company's investment in Celadon Mining Ltd, a coal miner focused on northern China, and the company's running costs. Loss after tax widens to USD1.3 million from USD567,000 a year prior. Records unrealised losses on investments of USD543,000, having not featured in 2019. "Our objectives continue to be selling the company's remaining assets, returning capital to shareholders and putting the company into liquidation," says company.
Current stock price: 0.13 pence, down 26% on Monday around midday
Year-to-date change: down 13%
By Greg Roxburgh; [email protected]
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