Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Power generation group Rurelec swung to a first-half loss after it booked a gain on the sale of its Peruvian operations in the previous year.
The company said it was considering other assets sales, including assets in Chile.
Pre-tax profit for the six months through June amounted to £0.45m, compared to a profit of £1.11m on-year.
'The board continues to pursue measures to restore value to the company and its shareholders,' executive directors Simon Morris and Andy Coveney said.
It was attempting to restore value through prioritisation of receiving cash receipts from a power generation plant in Argentina, selling or developing assets in Chile and reviewing options for turbine assets, whilst pursuing cost savings at the head office in London, they added.
