Clerkenwell Ventures PLC ("Clerkenwell Ventures" or "the Company") announces its interim results for the period ended 31 March 2008.
Highlights :
Net cash as at 31 March 2008 of £29.7 million (2007: £4.4 million)
Profit before taxation for the period ended 31 March 2008 of £345,000 (2007: loss of £31,000)
Net assets per share as at 31 March 2008 of 35.7p (2007: 30.8p)
Net cash today of £29.9 million
David Page, Chairman, commented:
"We have continued to evaluate possible acquisitions although in several cases vendor price expectations have been unrealistic. We remain confident that the next year will present interesting opportunities to acquire quality businesses with high growth potential at attractive prices."