- Pires Investments said it boosted its first-half profit, thanks to an increase in the value of its investment portfolio and lower expenses.

Pre-tax profit for the six months through April amounted to about £659k, compared to a profit of around £123k on-year.

The company's net asset value per share rose to 3.5p, up from 2.8p at the end of October.

'We continue to review potential new opportunities and are confident that we will continue to make further progress in the months ahead,' chairman Peter Redmond said.

At 1:20pm: [LON:PIRI] Pires Investments Plc share price was +0.2p at 2.5p

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