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Volvere profit jumps on gain from sale of Impetus Automotive

By BFN News | 08:29 AM | Wednesday 22 May, 2019


Growth and turnaround investment company Volvere booked a large rise in profit owing to proceeds from an asset sale. Net profit for the year through December jumped to £21.1m, up from £2.8m on-year. From continuing operations, the company posted a £2.4m pre-tax loss. Volvere said Impetus Automotive, acquired in 2015 for £1.3m, was sold for £31.3m, of which its share was £26.1m. At 8:29am: (LON:VLE) Volvere PLC share price was +5p at 1130p Story provided by StockMarketWire.com

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