13th Oct 2014 09:40
LONDON (Alliance News) - Tricor PLC Monday said its still working on completing its audited report and accounts for the financial year ended March 31, and said it will publish them as soon as possible.
The investment company, with iron sand trading operations in the Philippines, has had it shares suspended from trading on AIM since the end of September after failing to publish its annual accounts within the deadline.
In a short statement Monday, the company said its still working on completing the audited accounts.
In a trading update earlier this month, Tricor said operations at start-up Tricor Environmental Pte Ltd will re-commence at the end of the monsoon season, which is expected by the end of October. Monsoon season started in June.
The start-up business last year incurred heavy expenses in building building a jetty, roads and other infrastructure, so that it could begin to generate revenue. Its resources were further stretched by the acquisition of its Bangan site and its development.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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