- Myanmar Investments International booked a deeper annual loss and said it would review new investment opportunities with a lower level of overheads.

Pre-tax losses for the year through March amounted to $3.1m, compared to a $2.8m loss on-year.

The company's net asset value rose 30% to $37.9m whilst overheads remained flat at U$2.9m.

Losses per share fell 12% on-year.

'The past year has been one of solid development,' co-founder Mike Dean said.

'Since the year end we have refined our operations to focus on developing our three core businesses whilst at the same time taking a more selective approach in reviewing new investment opportunities with a significantly lower level of overheads.'

At 2:43pm: [LON:MIL] Myanmar Investments International Ltd share price was +0.03p at 1.18p

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