Braveheart Investment Group PLC (LON:BRH) shares jumped on Thursday after the company said it expects to report substantially increased profit after tax for the year ended 31 March 2018 compared to the prior year.
In a trading update, the AIM-listed firm said that following a revaluation of all the company's investments, by an externally commissioned valuer, it expects that it will be able to report a substantial increase in the value of its investment portfolio, primarily in its investments in Paraytec Limited and Kirkstall Limited.
READ: Braveheart flags uplift in NAV after portfolio company receives cash injection from Strat Aero
In addition, the firm said, trading at Viking Fund Managers for the year ended 31 March 2018 is expected to show a slight improvement on the last financial year.
Braveheart added that during the course of the year the board continued to be closely involved at the operational level with its three strategic investments which have made further good progress and its fund management businesses met their revenue targets.
In early morning trading, Braveheart shares were 16.4% higher at 17.75p.