Developer Bolton Group (International) has managed to reduce its pre-tax losses to £34,000 in the six months to 31 October 2004, compared with a £188,000 loss for the same period a year earlier.
Turnover for the year was £222,000.
Chairman Michael Goletka said the company had recently let Angel House, its main asset, to Islington Primary Care Trust, and was currently “reviewing the future strategy and will be looking to make investments in areas that will maximise shareholders value.”
He added: “Regretfully in the past 12 months, the company has been involved in substantial litigation to regain its main asset, which frustrated any attempts to move the company forward. This matter having been settled leaves the company free to investigate opportunities.”
References: EGi News 21/01/05
