Source - SMW
Company investor Vela Technologies reported a first-half loss, mostly driven by administrative expenses.

Pre-tax losses for the six months through September amounted to £258k, compared to losses of £298k on-year.

Vela Technologies did not book any revenue during the period.

'The first six months of the current financial year was a period of both intense activity for a number of our investee companies as well as a time where we have continued to consider several different corporate transactions, including approaches from third parties, on an informal basis, to utilise Vela as a reverse takeover vehicle,' chairman N Brent Fitzpatrick said.

'In addition, the board has also continued to review more substantial investments in both listed and unlisted companies.'

At 1:20pm: (LON:VELA) Vela Technologies share price was 0p at 0.09p

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