4th Oct 2019 14:35
(Alliance News) - Altitude Group PLC on Friday said Chelverton Asset Management Ltd held a 5.5% stake in the personalised products firm after a deal.
Chelverton Asset Management held 3.8 million Altitude shares, equivalent to a 5.45% stake, after Thursday transaction.
On Monday, Altitude posted a pretax loss of GBP980,000, widened from GBP732,000 the year before due to administrative expenses. On an adjusted basis, excluding share-based payment charges, depreciation, amortisation and exceptional items, Altitude's operating profit was GBP254,000, compared to a loss of GBP312,000 a year before.
Shares in Altitude were up 1.5% at 46.16 pence in London on Friday afternoon.
By Anna Farley; [email protected]
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