Volvere plc (AIM: VLE), the growth and turnaround investment company, announces its Interim Results for the
six months ended 30 June 2015.
Highlights
£ million except where statedAs at
30 June 2015
As at
30 June 2014
As at 31
December 2014
Consolidated net assets per share
(excluding non-controlling interests)
1
£4.32 £3.93 £4.31
Group net assets 18.9 17.1 19.0
Cash and marketable securities 11.7 12.2 13.1
Six months ended Year Ended
30 June
2015
30 June
2014
31 December
2014
Group revenue from continuing businesses 16.9 9.8 24.1
Group profit/(loss) before tax from continuing
operations
0.79 (0.29) 1.65
Group profit/(loss) before tax from continuing
operations before one-off share-based payment
expense and exceptional credit
0.79 (0.14) 0.95
Note
1 Based on the net assets attributable to owners of the parent company and the respective period end shares in issue of 4,085,958,
4,155,958 and 4,145,958
·JMP delivered a good performance, with revenue and underlying profit before tax and group interest of
£6.39 million and £0.33 million respectively (June 2014: £5.61 million and £0.35 million before a sharebased
payment charge of £0.16 million; December 2014: £11.76 million and £0.61 million before a sharebased
payment charge of £0.16 million)
·Shire Foods generated a profit before tax of £0.31 million on increased revenue of £6.49 million (June
2014: revenue £4.07 million and loss before tax of £0.18 million; December 2014 revenue £12.13 million
and profit before tax and exceptional credit £0.8 million)
·Impetus Automotive, acquired in March 2015 performed satisfactorily with revenue of £3.9 million and a
loss before tax and group interest of £0.04 million
·Balance sheet remains strong with high liquidity
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