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Limitless Earth Investment Income Down But Loss Narrows On Lower Costs

31st Jul 2019 12:41

(Alliance News) - Limitless Earth PLC on Wednesday said its loss narrowed in its most recently ended financial year, helped by reduction in costs.

The investment company said its loss narrowed in the year to the end of January to GBP28,538 compared to GBP164,638 reported a year ago, as its administrative expenses were reduced to GBP184,391 from GBP218,741.

Limitless' investment income, meanwhile, slipped to GBP47,312 from GBP54,103 a year ago.

The AIM-listed company currently is invested in four companies: tile production firm Saxa Gres SpA, compression solutions provider V-Nova Ltd, biotech company Chronix Biomedical Inc, and nanotech firm Exogenesis Corp.

"We focus on identifying opportunities where the changing patterns of consumer behaviour and population are key drivers of growth and we target investments which demonstrate the potential to generate substantial returns through capital appreciation," said Chair Guido Contesso.

The stock was untraded on Wednesday in London, last closing at 9.05 pence a share.

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