LONDON (Alliance News) - Energiser Investments PLC reported a slightly widened pretax loss for 2015, and said it would continued to focus on and engage in opportunities in the real estate sector.
The company posted a pretax loss of GBP167,000 for 2015, widened slightly from a pretax loss of GBP147,000 the year before, on revenue of GBP154,000 compared to GBP148,000, mostly as a result of higher finance costs.
Energiser said its finance costs rose due to interest accrued on additional funding for its development at Highfield Chase in Kingswood Park, Surrey.
Energiser said that all twenty of its properties in Wellingborough, Northamptonshire are currently let.
Elsewhere, Its investment in the development of 12 residential properties in Kingswood Park by a housebuilder is behind programme. Construction has now been completed and nine of the properties have been sold and legally completed, it said.
Shares in Energiser Investments were untraded Monday afternoon. They last closed at 2.55 pence.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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