IN BRIEF: Dukemount Capital back in profit as finance costs plunge

Dukemount Capital PLC - London-based property management - Reports pretax profit of £21,332 in the year ended September, swinging from loss of £310,590 in the 17 months to September 2023. Declares no income, while administrative expenses nearly double to £226,866 from £124,227. Bottom line benefits from £248,198 write-back of loans and debts compared to zero a year ago. Nil finance charges compares to £190,094 last year. Says: ‘Whilst the last couple of years have been extremely challenging,’ the firm has made ‘significant progress’ during the year in ‘tidying its affairs’. ‘This has included eliminating debt, placing the company’s two active subsidiaries into liquidation and paying off various historic creditors.’ Dukemount is now ‘very clean and in a strong position to pursue potential strategic opportunities and to take full advantage of any improvements in market conditions,’ it claims.

Current stock price: 0.035 pence, down 0.86% in London on Friday

12-month change: down 86%

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