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The latest update is out from Volvere ( (GB:VLE) ).
Volvere plc reported strong financial results for the year ended December 31, 2024, with a 14% increase in group revenue from continuing operations, primarily driven by its subsidiary Shire Foods. The company achieved a profit before tax of £6.34 million, reflecting excellent trading at Shire Foods and effective cost management. Despite challenges such as rising labor and supply chain costs, Volvere remains confident in its ability to deliver robust performance in 2025. The company has a strong balance sheet and liquidity, with plans to continue share buybacks and seek further investments in the food sector.
More about Volvere
Volvere plc is a growth and turnaround investment company that identifies and invests in undervalued or distressed businesses and securities. It provides management services to these businesses, with a focus on the food manufacturing sector through its subsidiary, Shire Foods Limited, which produces frozen pies, pasties, and other pastry products.
Average Trading Volume: 1,512
Technical Sentiment Signal: Buy
Current Market Cap: £42.43M
For an in-depth examination of VLE stock, go to TipRanks’ Stock Analysis page.