LONDON (ShareCast) - (ShareCast News) - AIM-quoted Braveheart Investment Group surged into profits of £780,000 in its audited annual results for the financial year ended March 2017, after reporting a £1.7m loss last time.
The group, which boasts around £71m of funds under management across various regional and national funds, reported the turnaround in profits on investment revenues of £1.15m up from £1.13m in the previous year.

Total income for the year leapt to £1.61m from £196,000 in 2016 due to a £0.9m fall in the fair value of investments in the previous period.

Basic earnings per share stood at 2.88p, up from a 6.23p loss per share last time.

Headquartered in Perth, Scotland, Braveheart's portfolio has a valuation of £862,000 almost double the 2016 figure of £468,000.

The company manages various regional and national funds, with Viking Fund Managers responsible for the £48m Finance Yorkshire Equity Fund, while Strathtay Ventures invests up to £10m in UK small to medium enterprises.

Braveheart continued to invest in their small to medium enterprises in the portfolio, names life sciences firms Kirkstall and Paraytec, with a new investment made in engine monitoring spin-out from Nottingham University, Gyrometric Systems.

"For the next year and beyond, our attention and resources will be focused upon developing the three businesses where we now have significant commercial exposure. All enterprises are now entering exciting periods of expansion and we look forward to updating shareholders as events unfold," said chief executive Trevor Brown.

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