Final results for the year ended 31 December 2014
Paternoster Resources plc (AIM: PRS), an investment company focused on the natural resources sector, is pleased to announce its audited final results for the year ended 31 December 2014.
· Loss from continuing operations of £120,372 (2013: loss of £21,144).
· Net asset value at 31 December 2014 of £2,758,784 (2013: £2,644,268).
· Cash balances and highly liquid investments at 31 December 2014 of £576,639 (2013: £1,071,921)
Nicholas Lee, Chairman of Paternoster, commented:
"The Company has made good progress with its current portfolio, whilst seeking to add more interesting and attractive investments. At the same time, given the current market environment, the Company is keen to ensure that it maintains a healthy cash balance or cash equivalents in order to take advantage of new opportunities as they arise.
The current portfolio represents an exciting mix of companies, a number of which are poised for significant further developments."