Venture INC with five times higher net profit in Q1 2021

WSE-listed VC fund, Venture INC, achieved a net profit of nearly PLN 2.4 million in the first quarter of 2021, which means an increase of 460 percent y/y, improving last year's result by over PLN 1.9 million. In the reporting period, the company increased its shares in Sundose and Intelliseq. Venture INC passed a resolution on adopting a dividend policy, as a result of which PLN 2.09 million was allocated for the payment of the first dividend. The value per share was PLN 0.07.

“The profit achieved in the first quarter is the result of an increase in the Brand24 price and investments made in two companies. The first is Intelliseq, in which our share is now 53.27 percent, the second is Sundose. We plan to make a minimum of three investments by the end of the year, including one by the end of June this year. Our business model, focused primarily on entities from promising industries, brings measurable benefits. Companies in which we have invested, including the gaming industry, have highly scalable, global products. Exit Plan enjoys very good opinions already in the game's early access, and TimeCamp paid another dividend in April,” Jakub Sitarz, CEO of Venture INC, said.

(WBJ)