(Alliance News) - Path Investments PLC on Friday said it continues to evaluate investment opportunities as its loss widened in 2018.
The investment company reported a pretax loss of GBP1.1 million for 2018 compared to GBP623,977 a year earlier.
Path has not traded over the past twelve months. Over that period, its expenses have related to pre-deal costs, professional and associated expenses related to advisory and consultancy fees, along with general administration expenses.
During the year, the company said it "pro-actively" reviewed a large number of opportunities as they presented themselves.
In November last year Path announced that it had decided to withdraw from conditional farm-in agreement with 5P Energy GmbH.
In January, the company announced the signing of a heads of agreement for the proposed acquisition of ARC Marlborough Pty Ltd. However, Path withdrew from those negotiations in March.
Path shares were suspended on Friday in London, last quoted at 0.75 pence each.