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Braveheart Investment Group says profits will be in the order of £750,000

It also revealed it had upped its stakes in two investee companies
Braveheart Investment Group says profits will be in the order of £750,000
The results will be out towards the end of June

Braveheart Investment Group PLC (LON:BRH), the fund manager and strategic investor, confirmed the business had continued to perform in line with its January trading statement meaning it will post a profit in the region of £750,000 for the year to March 31.

It also revealed it had upped its stakes in two investee companies – Kirkstall (to 37% from 28%) and Paraytec (to 47% from 33%).

Braveheart said it would update more fully on the performance of its other investments and Viking Fund Managers when releases its prelims towards the end of June.

"We are pleased with our progress over the past year and have cash on our balance sheet available for further investment opportunities over the coming months," said chief executive Trevor Brown.

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