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Primorus Investments PLC - London-based investor specialising in small and mid-cap companies and assets - Reports a pretax loss of £512,000 in the six months ended June 30, narrowed from £847,000 the year prior. Total losses on financial investments reduce to £184,000 from £748,000. Records an unrealised gain on market value of £314,000, compared to a loss of £500,000 the previous year.
Says the first half of 2023 has been a ‘difficult time’ for capital markets, with rising interest rates causing a ‘general slowdown’ in the deployment of capital being invested. Notes investor caution in the period has also had a negative effect on the asset valuations for some of its investments. Remains confident that ‘significant’ opportunities exist for the company going forward.
Current stock price: 3.33 pence
12-month change: up 2.6%
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