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Venture capital firm Molten Ventures reported a jump in operating profit as the value of its portfolio was boosted by strong returns on exit and new fund inflows.
For the six months ended 30 September 2021, pre-tax operating profit swelled to £247.5 million from £53.6 million year-on-year as total income jumped to £262.0 million from £62.4 million.
The six-month period ended 30 September 2021 has included an equity raise of £107.7 million from new and existing investors, as well as 'strong returns on exits (cash proceeds of £67.5 million,)' the company said.
Net asset value per share increased to 887 pence from 743 pence as at 31 March 2021.