Published on 6 Jun 2016
Jonathan Lander, chief executive of investment and turnaround specialist Volvere PLC (LON:VLE) says the company had a “great year” in 2015.
He says the firm focuses on the growth of its assets, rather than the profit and revenue figures adding that “the net assets per share are £5.69, and when we started in 2002 it was about 94p a share, so you’re nearly six times your money.”
He tells Proactive Investors: “2015 was great because we sold JNP which boosted out net assets per share by about 34% that year and you can’t complain about that.”
Volvere saw profits rise in 2015 as the company was boosted by a record performance by pie-maker Shire Foods. Pre-tax profit from continuing operations was £1.34mln, up from £1.2mln the year before, on revenues of £27.9mln more than double the £12.4mln in 2014.
Volvere-Plc - #UnitedKingdom : #Investment #Risk Forecast optimistic Jun 2016 : https://t.co/g49xX2qJ2o #Risk #Investor #Stock #Fund— Investment Analysis (@Investment_Risk) June 2, 2016