29th Nov 2016 11:33
LONDON (Alliance News) - Technology and life science sector investor Adams PLC on Tuesday said it will continue to take a "highly selective" approach to its investments in the second half of its financial year.
The investment firm said the potential for uncertainty remains for the global economy as the UK continues to work towards starting the process of leaving the European Union and as the world awaits the implications of Donald Trump's election as US president.
Adams has four London-listed investments on its books, comprising gaming firm GVC Holdings PLC, drug development firm Oxford Pharmascience Group PLC, chipmaker Imagination Technologies Group PLC and communication services company Communisis PLC.
In the half to the end of September, Adams made a pretax profit of EUR24,000, compared to a EUR234,000 loss a year earlier, as it made a EUR121,000 gain on the value of its investments.
Adams shares were down 25% to EUR0.06 on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Adams