28th Sep 2018 16:08
LONDON (Alliance News) - Safe Harbour Holdings PLC on Friday said its loss widened in the first half of 2018 as its expenses increased after its initial public offering to AIM in March.
The investment company said pretax loss widened in the six months to the end of June to GBP1.2 million from GBP1.1 million reported for the same period a year earlier, due to a rise in administrative expenses.
On listing in March, Safe Harbour raised GBP21.4 million, which it intends to use to acquire a controlling stake in a platform asset of scale, which operates in a sector demonstrating a large addressable market opportunity, a steady growth outlook, and a high level of fragmentation.
Shares in Safe Harbour were trading down 0.4% on Friday at 137.00 pence each.