StockMarketWire.com - Growth and turnaround investment company Volvere booked a large rise in profit owing to proceeds from an asset sale.

Net profit for the year through December jumped to £21.1m, up from £2.8m on-year.

From continuing operations, the company posted a £2.4m pre-tax loss.

Volvere said Impetus Automotive, acquired in 2015 for £1.3m, was sold for £31.3m, of which its share was £26.1m.


At 8:29am: [LON:VLE] Volvere PLC share price was +5p at 1130p



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