Northwest Investment posts wider loss for 2014, says it's yet to make an acquistion

Energy projects investor Northwest Investment Group posted a wider loss in 2014, as it said on Thursday that it is yet to make an acquisition or investment.

The group said its annual operating loss grew 1.6% to £307m in the 12 months to 31 December 2014.

The company, which was established for the purpose of identifying and acquiring, or investing in, energy projects with a focus on Western China, raised £3m from investors and was listed on AIM on 9 June 2010.

“Since then we have been engaging ourselves in identifying high-value investment targets in the hydropower market in Western China in accordance with the investing policy of the company,” it said.

Shares were untraded on Thursday.