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Investment firm posts losses

Adams PLC shares down 16%

Isle of Man-based technology and life sciences investor. Adams PLC reported an annual loss yesterday (7th July) due to what it terms as "difficult" financial market conditions.

Shares were down 16% at 5.02 pence each on Thursday afternoon in London.

For the year ended March 31st, Adams swung to a pre-tax loss of £1.7m from a profit of £3.1m. Administrative expenses increased by 4.6% to £160k compared to a £153k.

 

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