Natural resources focused corporate finance advisory and broking firm VSA Capital Group posts an operating loss before exceptional items of £473,810 - up from £168,877 last time.
The figures - the firm's maiden results as a pure financial services business - show revenues from continuing operations for the six months to the end of September of £435,068 against £456,925 last time.
Chief executive Andrew Monk said: "VSA Capital Group has endured the difficult market conditions in this period, which have been widely reported, but we believe the company has started building the foundations of a highly regarded natural resources focussed investment bank.
"The board looks forward to delivering positive results for shareholders and is grateful for their continued support."
At 1:22pm: (LON:VSA) share price was -0.12p at 5.88p
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