Capco reports FY16 pre-tax loss of 240.3 mn pounds

In its preliminary results announcement, Capital & Counties Properties, known as Capco said that its fiscal 2016 loss before tax was 240.3 million pounds (300 million dollars) against last year's profit of 459.9 million pounds (574 million dollars). The company said, loss per share stood at 14 pence, compared to profit of 50.9 pence last year. Revenue rose to 127.4 million pounds (159 million dollars) against 114.9 million pounds (143 million dollars) a year ago.