Company News in Brief

GR Holdings incurred pounds 438,000 pre-tax loss (profit pounds 193,000) for the year to 30 June on lower turnover of pounds 4.3m ( pounds 5.4m). Losses per share are 9.4p (1.3p). Total dividend is slashed to 1.8p (27p).

McInerney Properties, the civil engineer and property developer, virtually maintained taxable losses at Ir pounds 1.8m in the half year to 30 June, though turnover was 14 per cent down on the comparable period at pounds 12.9m ( pounds 15m). Loss per share was cut to 1.47p (3.31p). No dividend was declared by the company, which says there will be further losses in the second half.

Pex Group, maker and distributor of knitted products and property developer, deepened pre-tax losses from pounds 405,000 to pounds 744,000 in the six months to 31 July. Turnover fell from pounds 6.4m ( pounds 5.9m), although bookings for 1994 were significantly up. The company said the loss sustained in the first half would not be recovered by the year-end, so it would not be able to pay a dividend for the year to 31 January.

TR Far East Income Trust declared a fourth dividend payout of 1.3p, making 5p (4.5p) for the year to 31 August. Net asset value per share grew to 151.6p (95.8p).