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Blue Star Capital net assets up 238%

By BFN News | 09:18 AM | Friday 27 February, 2015

Blue Star Capital swung into the black in the year to the end of September with a profit of £263,833 against a loss of £703,345 in 2013. Net assets increased by 238% to £1,758,640 (2013: £519,241) and it raised £500,000 (pre expenses) through share subscriptions. The company said it invested £100,000 in OAK Media Limited which has subsequently signed deals with Nektan PLC, RHF Productions Ltd, Playboy TV Europe and The Anfield Wrap. Chairman Graham Parr said: "I am very pleased with the progress that has been made this year, culminating in a move into profitability. A lot of work has been undertaken to develop what we believe is now a clear investment strategy and, as a result, we have established a portfolio which the Directors believe has a great deal of potential. I am confident that, with the improvements that have been made, the Company is now well positioned to support its investee companies going forward and drive real value for shareholders whilst also monitoring opportunities for further investments as appropriate." At 9:18am: (LON:BLU) Blue Star Capital PLC share price was -0.05p at 0.33p Story provided by

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