However, the loss including unrealised portfolio movements widened by 70% to £1.3m, as revaluations chalked up a net paper loss of £444,000, following the previous year’s gain of £316,000.
More encouragingly for the Perth-based group, its fee income from investment management consultancy rose by 63% to £926,000, after it acquired London-based Envestors, and it made its first exit from an investment funded by its flotation proceeds, netting £168,000. Cash burn also more than halved from £1.75m to £831,000, taking net cash down to £643,000, while net assets per share were down by 25% at 30.66p.
