IN BRIEF: Vela Technologies swings to profit amid ‘cautious optimism’

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Vela Technologies PLC - Early stage-focused technology investor - Posts a pretax profit of £502,000 for the first half ended September 30, swinging from a loss of £127,000 the year prior. Reports no revenue for the period, unchanged from the previous year. Says that it is ‘cautiously optimistic’ of its long-term future, and is committed to its investment strategy.

Current stock price: 0.024 pence each

12-month change: up 21%

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