- Mercia Technologies (AIM: MERC), a Midlands-based investment group, building, funding and commercialising technology businesses across the UK, has published its results for its maiden 3½ month trading period ended 31 March 2015.

It gained admission to AIM during last December, raising £70m gross proceeds.

The company has reported a pre-tax profit for the period of £2m and cash reserves of £53.6m.

Mark Payton, chief executive of Mercia Technologies said: "Since our admission to AIM in December last year, when we raised £70m, we have continued to scale the business and have already invested a further £15m, £12m during the reporting period and £3m post period end.

"As a national investment business, we have a strong focus on the Midlands, the North and Scotland.

"Our post IPO momentum has continued into the new financial year and with a growing portfolio of direct investments and an exciting pipeline of young technology companies, we are well placed to achieve attractive medium to long term shareholder returns."

At 11:13am: [LON:MERC] Mercia Technologies Plc Ord 0.001p share price was +0.5p at 57.5p

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