Conygar Investment Co (CIC.L) reported full-year 2008 loss before taxation of GBP 103 thousand in its preliminary results, compared to a profit of GBP 8.17 million in the last year.
Conygar said that apart from a reduction in property disposals, the results were adversely impacted by a GBP 2.47 million write-down of property inventory to net realisable value, albeit this is an unrealised loss.
Loss attributable to equity shareholders was GBP 365 thousand or 0.89 pence per share, compared to a profit of GBP 5.61 million or 14.36 pence per share in the previous year.
Revenue totaled GBP 9.37 million, compared to GBP 74.09 million, a year earlier.
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