Arcon retained losses exceed €100m

ARCON INTERNATIONAL’S retained losses broke the €100 million barrier after the company reported a €5 million loss for the first six months of the year yesterday.

However, Arcon also raised an extra €5.7 million by issuing 158 million new ordinary shares, with British institutions representing approximately 10% of the issued share capital.

Arcon shares fell by just one cent, 2.33%, on the news to close at 42 cent.