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IN BRIEF: i(x) Net Zero ups investments, profit surges in 2021

7th Jun 2022 15:49

i(x) Net Zero PLC - Jersey-based investment company focused on sustainability - Net asset value multiplies to USD60.7 million at December 31, up from USD15.8 million at the same time the previous year. Net profit surges to USD35.8 million in 2021, leaping from USD4.6 million in 2020. During the year, the company made portfolio investments of USD4.4 million. This was just under double the USD2.7 million made in 2020. Notes strong start to 2022.

Chief Executive Steve Oyer says: "Looking ahead, i(x) Net Zero's strategy remains to be an effective driver of its platform for growth, with a number of investment opportunities under active consideration. We are confident and excited about what the future holds."

Current stock price: 37.00 pence, down 3.9% in London

12-month change: down 52%

By Heather Rydings; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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