LONDON (Alliance News) - AIM-listed investing company Guscio PLC on Thursday said its Sportsdata Ltd investee company has signed a deal with the charitable arm of Charlton Athletic Football Club, as the company said its pretax loss narrowed in the first half of its financial year.
Under the deal, Sportsdata, in which Guscio owns a 30% stake, has agreed with Charlton Athletic Community Trust to promote, market and deliver the Skills2Achieve programme to local primacy schools.
As a result of the working capital Sportsdata will require for the new contract, Guscio has provided Sportsdata with a loan of GBP50,000, repayable within 12 months and with a 5% interest rate.
In a separate statement on Thursday, Guscio said it made a pretax loss of GBP84,000 for the six months to March 31, compared to a GBP120,000 loss a year earlier.
Just prior to the start of its financial year, the company disposed of its Talent Holdings and Talent South subsidiaries and was reclassified as an investing company. It has raised a total of GBP864,000 in funding since then and made its investment in Sportsdata in February.
Guscio shares were flat at 6.9999 pence on Thursday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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