15th Jun 2016 11:40
LONDON (Alliance News) - Paternoster Resources PLC, an AIM-listed investment company focused on the natural resources sector, on Wednesday said it built its investment portfolio in 2015, with growth continuing "strongly" into 2016.
The update came as Paternoster reported a loss before and after tax from continuing operations of GBP308,873 in 2015, widening from GBP120,372 in 2014. The company's net asset value grew to GBP2.9 million from GBP2.8 million over the course of 2015.
"The company has made good progress this year in building its net asset value. We are now well positioned to continue this growth and have made a very strong start to 2016," Chairman Nicholas Lee said in a statement.
Paternoster Resources has investments in the likes of London-listed New World Oil & Gas PLC, Alecto Minerals PLC, Plutus Powergen PLC and MX Oil PLC.
Shares in Paternoster Resources were up 1.4% at 0.177 pence Wednesday.
By Samuel Agini; [email protected]; @samuelagini
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