IN BRIEF: Starvest swings to profit as eyes sector to make gains
Starvest PLC - London-based early-stage mineral exploration investor - For the six months ended on March 31, swings to pretax profit of GBP154,460 from a loss of GBP2.4 million the year before. Incurs a gain of GBP308,000 of movement in fair value of financial assets, compared to a loss of GBP2.2 million the year before. Makes no loss on disposal of financial assets, compared to a loss of GBP29,383 a year before. Says its portfolio value and net asset value increases 5% and 3%, respectively, during the period. Its discount to net asset value is 31% on March 31, compared to a discount of 29% on September 30. Looking ahead, expects the natural resources sector to benefit from large-scale infrastructure and climate-focused projects at the "forefront of government spending plans and private sector investment". Read More