Fragrant Prosperity Holdings reports loss

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Fragrant Prosperity Holdings reported a net loss of £180,598 for the six months to 30 September 2020, up from £37,982 the previous year.

This loss included administrative expenses of £130,598, up from £37,982 the previous year, and a share based payment charge of £50,000.

Fragrant Prosperity chair Simon James Retter said: “The board has actively reviewed a number of potential acquisition opportunities across the sector, none of which has met the necessary criteria for selection and continues to review a number of potential acquisition opportunities.”

As at 30 September 2020, the company had cash of approximately £102,000 and intends to keep administrative costs to a minimum so that it can potentially invest in suitable projects.

At 1:47pm: (LON:FPP) Fragrant Prosperity Holdings Ltd share price was 0p at 1.85p


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