DESPITE experiencing a tough year and incurring an operating loss of R2m for the year to February, venture capital company Stratcorp was upbeat about its future prospects yesterday and said it planned to diversify its operations.
The company reported an operating loss of R2m on Friday, from an R830000 loss it incurred for the corresponding period a year earlier.
The headline loss on earnings was also worse at R1,3m compared with last year's loss of R835000.
The loss an ordinary share was 5,8c compared with 4,44c last year.
CEO David Harington said that the group derived the largest part of its income from the placement of shares via the funding of projects.
However, the "negative perception in the market" of share investments made it difficult to obtain funding for different projects taken on.
He said that other companies involved in the investment share market were struggling. However, a turnaround was expected as soon as market conditions changed.
Harington said the group had implemented a subscription-based product that would enable it to predict its earnings and "contribute enormously to our income".
The company would also diversify its operations to include other sectors like property management so the group would have a more predictable income.
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