The 2008 half-year results of GlobalCapital plc were published following a Board of Directors meeting held on Thursday 28 August 2008.
During the first six months of the year, the Group incurred a pre-tax loss of €4.96 million compared to a pre-tax profit of €0.33 million registered in the comparative period of 2007. This loss is attributable to a 26% drop in commission and fees receivable, higher administrative expenses and fair value losses of €2.8 million relating to investment property and financial instruments. The Directors did not recommend the payment of an interim dividend.
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