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Primorus Investments PLC - London-based investment company - Swings to pretax profit of £2.8 million from £2.4 million loss a year prior. Operating profit grows to £2.8 million from £512,000 loss a year ago. Total assets including cash at June 30 were £6.0 million, down from £7.2 million. Company notes £4.8 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% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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