LONDON (Alliance News) - Primorus Investments PLC said Friday its loss for 2017 widened on increased losses related to an associate disposal and higher administrative costs.
For 2017 Primorus reported a pretax loss of GBP947,000 from GBP694,000 the year before, with no revenue recorded.
The company's wider loss was driven by GBP311,000 in share based payments and a GBP199,000 loss on the disposal of Gold Mines of Wales. Primorus reported no debt and assets of GBP1.3 million at the end of 2017.
Chairman Jeremy Taylor-Firth said the board remained confident in its targeting under-served markets and continued to seek further investments.
Shares were trading up 19.2% at 0.18p.
Primorus Inv. (PRIM)