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Augmentum Fintech profit rises on higher fees, carried interest growth

By BFN News | 10:00 AM | Wednesday 02 December, 2020

Fintech investment Augmentum Fintech reported a rise in first-half profit as higher fees and carried interest offset a decline in portfolio investment gains owing to the impact of the pandemic. For the six months ended 30 September 2020, the company pre-tax profit rose to £3.7 million from £3.3 million on year-on-year. Gains on investments fell to £2.7 million from £4.6 million, while fees and carried interest rose to £2.2 million from a loss of £312,000. Overall net asset value increased to £139.4 million from £135.8 million seen at 31 March. At 10:00am: (LON:AUGM) Augmentum Fintech Plc Ord Gbp0.01 share price was 0p at 134.25p Story provided by

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