Business
Annual Results
Annual Results.
About this update from Truetide Plc
[{"type":"text","content":"\n \nRNS Number : 0172C Braveheart Investment Group plc 23 June 2016 \n\nBraveheart Investment Group plc\n (\"Braveheart\" or the \"Company\")\n \nResults for the year ended 31 March 2016\nNotice of AGM \n \nBraveheart Investment Group plc today announces its audited annual results for the financial year ended 31 March 2016., highlights of which are set out below.\n \nHighlights\n· Operating costs reduced by approximately £570,000 over a full year;\n· Cash at bank of £1.3m as at 31 March 2016;\n· Operating loss of £370,000;\n· Successful disposal of interest in WhiteRock Capital Partners; \n· Purchase of remaining interest in Ridings Holdings Ltd;\n· Viking awarded a contract extension to invest a further £5.1m to top up the £40m Finance Yorkshire Equity Fund, and a further £3.8m made available in January 2016;\n· Completion of reorganisation and restructuring efforts, with remaining exceptional charges now accounted for; and\n· Board now focused on Group's future with an emphasis on ensuring positive earnings are achieved in the current year.\n \nFurther information:\nBraveheart Investment Group plc\nTrevor Brown, CEO Tel: +44 1738 587555\n \nAllenby Capital Limited (Nominated Adviser and Broker to Braveheart)\nDavid Worlidge/James Thomas Tel: +44 20 3328 5656\n \n \n \nChief Executive Officer's Report\n \nI am pleased to report to shareholders for the 12 months ended 31 March 2016.\n \nOverview\nThroughout the course of the year, we continued to review all operations with the objective of identifying which activities we can best concentrate our resources upon, to the most productive ...