Western Selection PLC - AQSE-listed activist investor in small UK companies - On Friday says for the six months ended on December 31, pretax profit is GBP 400,000, up from GBP117,000 the year before, as earnings per share jump to 2.18p from 0.64p. As a results net assets per share increases to 76 pence at December 31 from 56p per share at June 30. Operating expenses, however, increase to GBP147,000 from GBP136,000 a year before. Looking ahead, Western Selection says the threat of recession combined with uncertainty over the effect of Covid in China, combined with the continuing war in Ukraine, is expected to lead to volatile investment markets.

Current stock price: 34.44 pence

12-month change: down 18%

By Xindi Wei, Alliance News reporter

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