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Annual Results

Adams swings into profit

20 June 2017 07:23

Adams reported a profit after tax of €14,000 for the year ended 31 March compared with a loss of €234,000 in the previous year.

The group said the improvement was due principally to movements in unrealised revaluation gains on the valuation of investments.

Net assets totalled €1.11m at year-end (2016: €1.10m).

Chairman Michael Bretherton said: "The Board will continue to maintain a highly selective investment approach in these uncertain and challenging markets and remains committed to delivering additional value for our shareholders whilst running a low cost base."

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