30th Sep 2015 09:59
LONDON (Alliance News) - Gaming and media company PCG Entertainment PLC on Wednesday reported a widened pretax loss for the first half of 2015, mostly as a result of readmission costs related to its reverse takeover of Centre Point Development Corp.
For the half year to end-June the company reported a pretax loss of USD2.5 million, widened from a pretax loss of USD114,802 a year before, despite revenue rising to USD745,220 from just USD1,954, mostly as a result of readmission costs of USD1.2 million. The company's first half results incorporate revenue from Centre Point Development.
The company was readmitted to AIM in August.
PCG said it is aiming to continue its growth through further acquisition and exploitation of its licences in China, and considers the acquisition of Centre Point to be a "transformational first step" in that process.
Shares in PCG were untraded Wednesday morning. It last closed at 2.09 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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