Northacre FY Pretax Loss GBP3.94M Vs GBP50,383

21st Jul 2010 07:42

LONDON (Dow Jones)--Northacre PLC (NTA.LN), said Wednesday that it made pretax loss of GBP3.94 million for the year ended Feb. 28, compared with GBP50,383, adding that it is confident that new development opportunities will be secured before the end of the next financial year. MAIN FACTS: -Revenue GBP6.23 million versus GBP8.96 million -Group loss from operations GBP2.49 million versus GBP111,348 -Investment revenue loss GBP26,517 versus GBP177,194 -Basic and diluted loss per share 14.72 pence versus 0.19 pence -The company remains focused on delivering the Northacre brand and its associated high quality design to prime residential areas in Central London. -Shares closed Tuesday at 39 pence, valuing the company at GBP10.42 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; [email protected] (END) Dow Jones Newswires July 21, 2010 02:42 ET (06:42 GMT)