Print Published 11th May 2017, 09:06

Porta loses another £5.6m: more capital to be sought

Porta Communications lost another £5.6 million (or £6.3 million after excluding minority interests) in 2016, adding context to last week’s departure of executive chairman David Wright (see Wright leaves Porta Communications after string of losses).

In the wake of the latest loss, the group plans to raise additional share capital in the region of £3 million.