Investment firm Kingfish posts loss

Investment company Kingfish reported a net operating loss for the six months to the end of September 2008 of $7.84 million, compared with $6.11 million for the same period in 2007, according to its interim report.

In the December quarter things were not much better with the Kingfish portfolio suffering some of its heaviest falls in its four-year history.

Net Asset Value fell 18 per cent to 98c and share price declined 10c to 84c, but share volumes were light.