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Annual Results

Adams losses narrow

10 August 2015 07:17

Adams posts operating losses of £25,000 for the year to the end of March - down from £121,000 last time.

The company delivered a gain of £172,000 on its technology and life science investments in the year to 31 March 2015 versus a corresponding loss of £18,000 in the previous year.

The company says that as with prior periods, the board has maintained tight control of expenses with net operating costs for the year of £196,000 and which resulted in a loss after tax of £25,000 compared to a reported loss of £121,000 in the previous year.

At the year end, the company held two investments both of which are quoted on AIM and had a carrying value of £174,000. Total equity and net assets attributable to shareholders amounted to £250,000 at 31 March 2015 which is £125,000 higher than at the previous year end and mainly reflects the receipt of £150,000 of funds from the issue of new shares in September 2014 from the exercise of warrants at £0.02165 per share.

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