StockMarketWire.com - Technology and life sciences company investor FastForward Innovations said its first-half profit more than halved after it posted lower gains on the value of its investments.

Net profit for the six months through September fell to £0.9m, down from a profit of £2.2m on-year.

The company recently sold its holding in medical cannabis company Aphria and used sale proceeds to invest in biotech company Juvenescence and blockchain tech group Vogogo.

It also increased its interest in Factom, Leap Gaming and Intensity.

'I am excited by the prospects for all the companies in our portfolio,' chairman Jim Mellon said.

'As a board we are constantly working with investee management teams to maximize shareholder value but, as we have explained before, much of this work must be carried out beyond the glare of publication to the wider world.'


At 1:17pm: [LON:FFWD] Fastforward Innovations Ltd share price was +0.88p at 10.38p



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