Volvere's shares forge ahead on improved full-year profit, NAV per share
Shares in Volvere forged almost 9% higher as investors liked a rise in its full-year profit and consolidated net assets per share.
Financial Services
16,492.39
15:44 15/11/24
-0.24%
-40.16
FTSE AIM All-Share
728.67
15:45 15/11/24
n/a
n/a
Volvere
1,600.00p
16:55 14/11/24
0.00%
0.00p
The growth and turnaround investment company's trading businesses had contributed positively during the year, said chairman David Buchler.
As a result, Volvere had again hit record net asset assets per share of £6.17, up from £5.69.
"All businesses have continued to perform satisfactorily in 2017 to date," said the chairman.
Group net assets stood at £26.6m, up from £24.3m. Group pre-tax profit from continuing operations totalled £1.98m, up from £1.34m.
Revenue from continuing businesses was £33.0m, from £27.9m.
At 11:39 BST, shares in AIM-listed Volvere were up 8.92% to 732.5p each.