LONDON (Alliance News) - Speymill PLC Tuesday said its pretax loss narrowed as its revenue doubled and it cut its costs in the period.
The investing company said its pretax loss for the six months to June 30 narrowed to GBP291,000, against GBP510,000 a year earlier.
The loss was pushed narrower by a combination of the group doubling its revenue in the period, up to GBP39,000 from GBP20,000 a year earlier, and by a fall in costs.
Administrative expenses fell to GBP205,000 from GBP290,000 a year earlier, while net finance costs nearly halved to GBP125,000 from GBP240,000 last year.
Speymill shares are suspended at present, quoted Tuesday at 0.325 pence per share.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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