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Honye Financial Services on the look-out for acquisitions

“There is light at the end of the tunnel as we see China beginning to return to normal after several months"

Honye Financial -

Honye Financial Services Ltd (LON:HOYE), the standard market listed company, said it continues to review possible acquisitions and hopes to identify a sufficiently attractive one in the coming months as it released half-year results.

“The corona virus continues to disrupt the world's businesses and the Lockdown in the UK has dramatically slowed economic activity here,” it said in the half-year report published late on Tuesday.

It added: “There is light at the end of the tunnel as we see China beginning to return to normal after several months and there are tentative steps in Italy, Austria and Denmark to slowly lift restrictions allowing people to return to work.”

Honye's losses for the half-year to end January were £161,000, while the company had net cash of £1.7mln at the end of the period.

Quick facts: Honye Financial

Price: 45 GBX

LSE:HOYE
Market: LSE
Market Cap: £11.1 m
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