LONDON (ShareCast) - (Sharecast News) - Mineral & Financial Investments reported a record net asset value per share in the first half of its trading year.
In the six months ended 31 December, M&F\'s NAV per share rose 73% to 12.5p from the 7.25p recorded a year earlier.

The AIM-listed outfit, which invests in, finance and advises junior mining companies, said its continued NAV growth came \"in spite of market headwinds\", such as a weakened zinc price.

\"We expected this trend to reverse, with LME Zinc inventories now approaching their lowest point in well over 21 years and halving in the last month alone,\" the M&F said.

All in all, pre-tax profits rose to £722,000 from the £135,000 recorded a year earlier, principally due to significant gains on investments of £838,000.

As of 1700 GMT, M&FI shares had picked up 3.45% to 9p.

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