Marechale Capital PLC on Friday reported it turned to an interim loss as it did not book any investment revenue this time around.
Marechale is a London-based investor in consumer brands and mineral extraction companies.
For the six months to October 31, the half-year loss stood at £179,502, compared to a profit of £1.5 million a year prior. The company reported no investment revenue for the recent half-year, compared to £1.5 million a year ago. Other revenue dropped to £168,001 from £497,194.
Looking ahead, Marechale said it continued to remain positive about the outlook for its investments, but noted that the current economic climate is difficult. ‘Marechale Capital is working hard and is convinced that there will be good advisory and investment opportunities in its core hospitality, renewable, clean energy and technology sectors over the short to medium term,’ it said.
Marechale Capital shares fell 16% to 2.30 pence each on Friday afternoon in London.
Copyright 2022 Alliance News Limited. All Rights Reserved.