LONDON (Alliance News) - Investment company Auctus Growth PLC said Wednesday it is continuing to evaluate potential transactions as works to control costs.
Auctus booked a pretax loss of GBP13,913 for the six months to the end of June, saying it was in line with its budget of GBP35,000 per year. At June 30 it held a liquid cash balance of GBP1.0 million.
The net asset value per share of the company fell to 38.16 pence from 45.61p over the period.
Chairman Malcolm Burne said: "During this financial period the board has continued to actively evaluate a number a potential transactions across a variety of different sectors. At this time no formal agreement has been entered into by the company however the board remains focused on delivering a transaction that brings both value and growth potential to the shareholders of Auctus Growth in the near term."
Shares in Auctus were down 4.4% at 43.00p Wednesday.
By Adam Clark; adamclark@alliancenews.com
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