LONDON (Alliance News) - Blue Star Capital PLC on Friday said net assets remained unchanged in the first half of its financial year but pretax loss widened.
The trust reported a pretax loss of GBP501,100 for the six months to the end of March compared with a loss of GBP114,585 for the same period a year earlier. The company booked no revenue.
During the period, Blue Star Capital wrote down the carrying value of Disruptive Tech Ltd. The decision followed an announcement by Disruptive Tech to exit all active investments.
Net assets remained broadly flat at GBP3.5 million over the course of the six months.
"The board remains committed to driving value in the current portfolio whilst appraising further investments as appropriate," said Chairman Graham Parr.
"Overall, the board is confident that the current portfolio has the potential for a significant improvement in net asset value and at the same time the board continues to monitor corporate opportunities to enhance shareholder value," added Parr.