By Michael Millar
Date: Wednesday 21 Dec 2011
LONDON (ShareCast) - Corporate finance firm Marechale said it had fallen £86,000 into the red in the six months to the end of September.
The loss compared with a £10,000 profit the previous year.
Earnings per share showed a loss of 0.16p compared to a small gain of 0.02p in 2010.
However, Marechale said a number of recent projects, including arranging £38m for Halcyon Hotels & Resorts to buy seven hotels, had brought the business back into profit in the last three months.
Chairman Mark Warde-Norbury said market conditions were still challenging and the firm was cautious about the immediate outlook.
But he added there was "a good pipeline of businesses seeking funding, a number of engaged corporate finance projects, and an appetite amongst our investor contacts to invest in high quality investment opportunities".
"This provides us with a degree of confidence for the second half of the trading year," he said.
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Currency | UK Pounds |
Share Price | 1.35p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 2.20 |
52 Week Low | 1.05 |
Volume | 0 |
Shares Issued | 105.94m |
Market Cap | £1.43m |
Value |
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Income |
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Growth |
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No dividends found |
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