IN BRIEF: Vela Technologies swings to profit amid "cautious optimism"

Fri, 22nd Dec 2023 12:41

Vela Technologies PLC - Early stage-focused technology investor - Posts a pretax profit of GBP502,000 for the first half ended September 30, swinging from a loss of GBP127,000 the year prior. Reports no revenue for the period, unchanged from the previous year. Says that it is "cautiously optimistic" of its long-term future, and is committed to its investment strategy.

Current stock price: 0.024 pence each

12-month change: up 21%

By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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