12th Nov 2015 17:32
LONDON (Alliance News) - AIM-listed On-Line PLC Thursday reported a narrowed pretax loss for its most recently ended financial year, and said it will continued to work with ADVFN PLC as it continues to look at further investment opportunities.
On-Line is an investment company, whose sole investment is a 18.26% stake in ADVFN, making it ADVFN's largest shareholder. As a result the company's performance is reliant on the performance of ADVFN.
For the year to end-June it reported a pretax loss of GBP4,000, narrowed from a pretax loss of GBP9,000, on revenue of GBP94,000, up from GBP78,000 a year before.
On-Line noted statements from ADVFN, which said it had seen a "solid year", although its outcome was exacerbated by a "particular shadowy group of shareholders at the beginning of the year who were seeking to take control of the ADVFN board."
Last month ADVFN reported a pretax loss of GBP1.7 million for the year to end-June, widened from a loss of GBP555,000 a year before, as revenue fell to GBP9.3 million from GBP9.7 million.
Shares in On-Line were untraded Thursday. They last closed at 29.06 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
On-Line PLC