Gunsynd PLC on Thursday said its results were disappointing, as it maintained a level of diversification in its portfolio.

The investor in companies and projects within the natural resources, life sciences and beverage sectors said pretax loss widened 7.8% to £621,000 in the six months to January 31, from £576,000 a year prior.

Notably, it reported a realised loss on financial investments of £157,000, swung from a gain of £111,000.

Chair Hamish Harris said: ‘Whilst the results for the period are disappointing there have been a number of positives including the progress in Low6, the institutional fundraise in to Rogue Baron [PLC]’s subsidiary at a substantial premium and the share price performance of 1911 Gold.’

Looking ahead, he said: ‘We maintain a level of diversification in our portfolio but are mainly concentrated in natural resources and are unlikely to change this in the future.’

Gunsynd shares were flat at 0.13 pence each on Thursday afternoon in London.

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