30th Sep 2015 15:10
LONDON (Alliance News) - Tau Capital PLC on Wednesday said its pretax loss narrowed sharply in the first half due to a much lower fair value loss on its investments as it continues to look to offload its remaining assets.
Tau said its pretax loss in the half to the end of June was USD285,197, compared to a USD7.4 million loss a year earlier when it took a USD6.6 million hit on fair value writedowns on its investment portfolio.
The investing company said it is continuing its efforts to sell its remaining investment in Stopharm LLP, having offloaded its other assets last year.
Shares in Tau were untraded Wednesday, having last traded at 0.100 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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