Mercia Technologies reveals profit in maiden results

By John Harrington

Investment company Mercia Technologies (LON:MERC) has cracked on since listing on AIM at the end of last year.

The company, which floated on 18 December, declared a profit of £1.97min for the period spanning from the time it listed until the end of March.

The profit was as a result of net fair value gains of £3.9min on the company’s investment portfolio.

Net assets at the end of March stood at £80.8min, while cash reserves stood at £53.6min; the company raised £70min from its stock market flotation.

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