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Alpha Returns Group losses widen

By BFN News | 02:50 PM | Tuesday 28 June, 2016

Alpha Returns Group reports a consolidated loss after taxation and total comprehensive expenses of £497,404 for the year to the end of December - up from £71,412 in 2014 - with losses of the parent company of £474,941 (2014: £237,127). The loss for the year on continuing operations was £574,009 (2014: £265,200) attributable to equity holders of the company. Total assets amounted to £5,050,763 (2014: £5,806,617) with £3,049,490 (2014: £2,846,736) net assets attributable to equity holders of the Company and net cash of £394,963 (2014: £1,848,000). The net cash position for 2015 is after excluding £1,287,573 of cash relating to RBSL following its reclassification as a disposal group. At 2:50pm: (LON:ARGP) Alpha Returns Group Plc Ord 0.01p share price was 0p at 0.65p Story provided by

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