News Column

Sacoven Full-Year Pretax Loss Widens

July 25, 2014

Samuel Agini

LONDON (Alliance News) - Sacoven PLC Friday said that it made a GBP651,635 pretax loss in the year ended March 31, compared with GBP559,204 a year earlier.

"During the year the close working relationship with Vasari Global Limited, the company to whom we have outsourced our mergers and acquisitions initiatives has developed and a number of investment opportunities have been analysed in some detail and discussed with the board," Chairman Mark Haynes Daniell said in a statement.

Following the annual general meeting in October, where the company received approval to expand the scope of potential investment activity to include consumer goods and related entities in Africa as well as the areas under prior consideration, Sacoven is also in the process of seeking a secondary listing on the Johannesburg stock exchange.

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Source: Alliance News

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