Avarae back in the black as sales rise



08 December 2011 @ 09:37 am BST

Avarae Global Coins bounced back into the black in the six months to the end of September.

Avarae - the UK's only publicly traded specialist company dedicated to investing in rare and high quality coins - posts a profit of £503,000.

This was 10% higher than whole of last year and compares with a loss of £136,500 at the corresponding period in 2010.

Sales rose to £1.6m - up from £923,000 last time.

The company's net asset value per share at 30 September was 14.1p - up from 13.6p at the end of March and an increase of 48% since March 2007.

At 9:37am: (LON:AVR) Advance Value Realisation share price was +0.76p at 9.88p

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