StockMarketWire.com - Insolvency litigation financing group Manolete posted a 57% rise in first-half profit as it took on a higher number of cases.

Pre-tax profit for the six months through September rose to £2.5m for what was the company's maiden result.

Revenue rose 31% to £6.5m, as investment in cases rose 75% to £13.9m.

'We are delighted to announce our first set of interim results as a public company, following our AIM flotation earlier this month,' chief executive Steven Cooklin said.

'This strong set of results is the latest milestone in our track record of delivering profitable growth, underpinned by our core ability to source and price complex legal risk.'


At 9:48am: [LON:MANO] share price was +1p at 197p



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