LONDON (Alliance News) - Draganfly Investment Ltd posted a wider pretax loss for the year to the end of April on Friday due to a sharp rise in administrative expenses.
The investment company said its pretax loss for the year was GBP250,914, compared to a GBP126,371 loss a year earlier. The loss was nearly entirely down to its administrative expenses rising to GBP247,641 from GBP87,665, related to it raising GBP360,000 via a share subscription in November 2014 to back its investment plans.
The company has now distributed all of its shareholding in Atlantic Healthcare PLC and is now seeking new investment opportunities.
Shares in Draganfly were untraded on Friday morning, having last traded at 1.25 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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