Salvus manages a turnaround

Salvus Strategic Investments yesterday reported its June-year result had turned around to a $7.7 million net profit from a loss of $425,000 in the previous period.

The small company investor said it had a war chest for fresh acquisitions and was on the hunt.

In the period just finished, operating revenue rose from $1.4 million to $8.4 million. Executive director Andrew Couch said net asset value was up 38 per cent in the year to 133.6c a share.