29th Jul 2024 21:51
Primorus Investments PLC - London-based investment company - Swings to pretax profit of GBP2.8 million from GBP2.4 million loss a year prior. Operating profit grows to GBP2.8 million from GBP512,000 loss a year ago. Total assets including cash at June 30 were GBP6.0 million, down from GBP7.2 million. Company notes GBP4.8 million received from Payapps realisation during the period.
Executive Chairman Rupert Labrum says: "The board is optimistic that clarity of elections in the UK and further afield should give more stability to the investment world. This combined with the potential for lower interest rates and increased economic growth will lead to significant opportunities for the company going forward."
Current share price: 2.72 pence, closed down 12% in London on Monday
12-month change: down 14%
By Aidan Lane, Alliance News reporter
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