Ozgrowth posts $17.6m net loss

The company said the interim net loss included realised losses on investments, interest income, dividend income and changes in the fair value of assets held at the end of December.

Net tangible asset backing per share at December 31 2008 was 16.5 cents, including allowances for all costs and provisions for tax credits on unrealised investment losses.

Prior to allowance for tax credits, the figure stood at 15c, the company said.

The company reported a revenue jump of 780 per cent to $1.8 million for the period.