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Commoditrade makes interim £4.5m

Companies: CMM   
18/09/2006

Cayman Islands-based commodities dealer Commoditrade, backed by controversial financier Andrew Regan's Corvus group, made £34.5 million pre-tax in the six months to June. In April, the AIM-quoted concern bought the profits interest of French commodity group Sucden in the profits of a leading London Metal Exchange trading team.

Recommended here earlier this year as a speculation at 18.25p, Commoditrade shares have inched up 1p today to 31.5p. They retain speculative possibilities.

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