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An update from Primorus Investments ( (GB:PRIM) ) is now available.
Primorus Investments PLC reported strong financial results for the year ended December 31, 2024, with an operating profit of £2.681 million, marking a significant turnaround from the previous year’s loss. Despite economic challenges, the company demonstrated resilience and strategic progress by increasing its stake in successful ventures like Fresho Pty Ltd and Virtualstock Holdings Ltd, while divesting from non-core holdings such as Engage Technology Partners Limited. Primorus continues to manage its investments actively, focusing on opportunities with clear routes to liquidity events, and maintains a significant director shareholding to align with shareholder interests. The company’s strategic moves, including a special dividend payout and new investments, position it well for future growth and shareholder value enhancement.
More about Primorus Investments
Primorus Investments PLC operates in the investment industry, focusing on strategic investments in various sectors. The company primarily engages in acquiring minority stakes in promising businesses, with a market focus on technology, artificial intelligence, and innovative solutions. Primorus aims to deliver long-term value to shareholders by actively managing its investment portfolio and seeking opportunities for divestment from non-core holdings.
Average Trading Volume: 125,171
Technical Sentiment Signal: Hold
Current Market Cap: £4.89M
See more data about PRIM stock on TipRanks’ Stock Analysis page.
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