Audax Properties posts pre-tax profits of ã24,011 for the six months to the end of September compared with a loss of ã1.2m last time.

The results include an unrealised gain on the revaluation of investment properties of ã75,000 compared with a loss of ã1.2m a year ago.

The company posts an operating profit of ã849,011 against a loss of ã397,315 last time.

At 9:13am: (LON:34GE) Audax Properties share price was 0p at 137.5p