IamFire Plc reports profit of £123,435 for 1H ended 31 October 2019

IamFire Plc (NEX: FIRE) has released its interim results for the six months ended 31 October 2019.

  • The company has reported that the profit after taxation for the reported period stood at £123,435 as compared to a loss of £68,089 in 2018.
  • The company has reduced all non-core costs, capitalised all immediate creditors and have created a lean and low-cost investment vehicle, which can be used to take up opportunities.
  • The company has further stated that it is focusing majorly on assessing assets that upon acquisition or investment require low-capital intensity.