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IN BRIEF: Volvere swings to annual profit on solid Shire Foods trading

25th May 2022 12:41

Volvere PLC - turnaround investment firm based in Leamington Spa, England - Revenue rises 15% to GBP35.6 million in 2021 from GBP30.8 million in 2020. Swings to a pretax profit of GBP70,000 from GBP550,000 loss. Attributes this to a "solid performance" from its Shire Foods business, which represents the majority of its revenue. Plans to focus on increasing profitability in Shire Foods and Indulgence business moving forward.

Current stock price: 1,016.00 pence

12-month change: down 27%

By Abby Amoakuh; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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Volvere
FTSE 100 Latest
Value8,809.74
Change53.53