Business
Final results to 31 December 2022
Final results to 31 December 2022.
About this update from Volvere Plc
[{"type":"text","content":"\n\n\n\n\n\n\n\n\n25 May 2023\n\n\n\n\n \n\n \nVolvere plc\n \n(\"Volvere\" or the \"Group\")\n \nFinal Results for the year ended 31 December 2022\n \nVolvere plc (AIM: VLE), the growth and turnaround investment company, announces its audited Final Results for the year ended 31 December 2022.\n \nHighlights\n \n\n\n\n\n£ million except where stated\n\n\n\nYear ended\n\n\nSix months ended\n\n\n\n\n\n\n\n31 December\n2022\n\n\n31 December 2021\n(as restated(1))\n\n\n30 June\n2022\n(unaudited and as restated(1))\n\n\n\n\n \nGroup revenue - continuing operations\n\n\n \n38.03\n\n\n \n30.70\n\n\n \n15.79\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGroup profit/(loss) before tax - continuing operations\n\n\n \n2.33\n\n\n \n1.07\n\n\n \n0.39\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLoss from discontinued operations\n\n\n(2.39)\n\n\n(1.08)\n\n\n(1.51)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGroup (loss)/profit after tax\n\n\n(0.06)\n\n\n0.06\n\n\n(1.12)\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\nAs at\n31 December 2022\n\n\nAs at\n31 December 2021\n\n\nAs at\n30 June\n2022\n\n\n\n\nConsolidated net assets per share\n(excluding non-controlling interests)(2)\n\n\n \n£13.90\n\n\n \n£13.49\n\n\n \n£13.33\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGroup net assets\n\n\n35.75\n\n\n37.05\n\n\n36.05\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCash and available-for-sale investments\n\n\n20.79\n\n\n21.87\n\n\n20.39\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n· Good performance from Shire Foods, the Group's savoury pastry products manufacturer\n· Losses at Indulgence curtailed following decision to close in the second half of 2022\n· Strong financial position maintained\n \nForward-looking statements:\nThis report may contain certain statements about the future outlook for Volvere plc. Although the Directors believe their expectations are based on reasonable assumptions, any statements about future outlook may be influenced by factors that could cause actual outcomes and results to be materially different.\n \nThe information contained within this announcement is deemed by the Company to constitute insi...