Primorus Investments posts loss; plans to exit some positions

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Primorus Investments booked a first-half loss owing to asset disposals.

Pre-tax losses for the six months through June amounted to £0.42m, compared to loses of £0.05m on-year.

The company said it had no debt at 30 June and total assets, including cash of £0.12m, of £4.85m.

'The board remains confident that the private and pre-IPO markets remain significantly under-served and as such significant opportunities exist for the company going forward,' chairman Jeremy Taylor-Firth said.

'We look forward to the remainder of 2019 being a period in which we can further demonstrate our business model by exiting some more of our investment positions, thereby realising tangible value for all shareholders.'

At 1:56pm: (LON:PRIM) Primorus Investments Plc share price was 0p at 0.13p