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PROVEN Investments Ltd. reports Net Profits of US$10 million, up 60% over the same period last year.

Financial Performance

During the nine months ended December 31, 2021 (the period), PIL reported growth of its balance sheet and increased profitability despite headwinds such as the Omicron variant, inflation, and supply chain bottlenecks. The company experienced top-line net revenue growth of 49% compared to the same period last year. This stemmed from the growth of PIL’s portfolio companies as well as the inclusion of the results of Robert’s Manufacturing Company Limited. Group Net Profit Attributable to Owners (NPAO) totalled US$10.09 million for the period, which represents an increase of 60% compared to the amount of US$6.31 million earned in the prior period……

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