Logistics Development Group PLC - London-based logistics assets-focused investment firm - Swings to a pretax profit of £1.6 million in the six months ended May 31, from a loss of £543,000 a year ago. Pertinently, announces a gain of £1.4 million on investments measured at fair value, compared to an investment loss of of £332,000. Administrative expenses decrease 13% to £422,000 from £485,000. Looking ahead, Logistics Development says its investment manager DBAY Advisors Ltd is reviewing several investment opportunities and remains committed to generating attractive investment returns for all of the company’s shareholders.

Current stock price: 11.38 pence each on Friday afternoon in London, up 2.0%

12-month change: down 17%

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