UPDATE 1-GCM swings to loss, stands by Bangladeshi project

* Says has cash of 1.4 mln stg as at end-June * To engage with Bangladeshi govt on coal project (Adds details)

Sept 24 (Reuters) - GCM Resources Plc (GCM.L) swung to a full-year pretax loss and said it remained fully committed to the Phulbari Coal project in Bangladesh and that it had cash of 1.4 million pounds as at end-June.

GCM will continue to engage with the Bangladeshi government and other stakeholders to move the coal project forward, the company said on Thursday.

"Since the election, GCM has re-engaged and promoted the project with the new government and their advisors as they evaluate options to address the energy and electrical power shortfall that the country is experiencing," the company said in a statement.

For the year ended June 30, GCM posted a pretax loss of 7.3 million pounds ($11.9 million), compared with a profit of 1.3 million pounds in the previous year.

An impairment charge of 5.4 million pounds was incurred in relation to some of the group's listed equity investments, it said. It had listed equity investments of 20.2 million pounds as at June 30.

GCM shares closed at 92 pence on Wednesday on the London Stock Exchange. ($1=.6116 Pound) (Reporting by Tresa Sherin Morera in Bangalore; Editing by Gopakumar Warrier)