23rd Aug 2024 14:32
Logistics Development Group PLC - London-based logistics assets-focused investment firm - Swings to a pretax profit of GBP1.6 million in the six months ended May 31, from a loss of GBP543,000 a year ago. Pertinently, announces a gain of GBP1.4 million on investments measured at fair value, compared to an investment loss of of GBP332,000. Administrative expenses decrease 13% to GBP422,000 from GBP485,000. Looking ahead, Logistics Development says its investment manager DBAY Advisors Ltd is reviewing several investment opportunities and remains committed to generating attractive investment returns for all of the company's shareholders.
Current stock price: 11.38 pence each on Friday afternoon in London, up 2.0%
12-month change: down 17%
By Tom Budszus, Alliance News slot editor
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