LONDON (Alliance News) - Northwest Investment Group Ltd. Tuesday said its pretax loss narrowed in its first half as the company continued to control its investment strategy to account for current uncertainties in the financial market.
The energy project investment company focusing on Western China said it made a pretax loss of GBP148,000 for the six months ended June 30, compared with GBP175,000 loss a year earlier.
Its cash balances at the end of the period were GBP1.9 million, down from GBP2.2 million a year earlier.
The company shares last traded at 1.60 pence in June.
By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1
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