African-focused oil group Africa Oilfield Logistics posted a $155,000 loss in its first six months of operation.
The company, which was set up a year ago as an investment firm aimed at the logistics and support services in sub-Saharan Africa, listed in the alternative investment market in June this year.
Since then it has secured a 49% stake in African support group Ardan Risk and Support as it looks to build a foothold in the country.
The company, wich has more than $9million in the bank, said the Ardan stake was the first step in building a successful business in the company.
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