Forthehalf-yearended30June2012adjustedpre-taxprofitcameinat£31。

2m,excludinga£2。

5mreductioninfairvalueofOxfordEquityRightsasset,comparedtoalossof£1。

1minthesamehalfin2011。

Netassetsat30June2012increasedto£250。

7mfrom£222。

6mayearearlier。

InJuneIPGroupannounceditwouldinvestinTheMarblarplatform,anonlinenetworkforinventorstointeractdirectlywiththescientificresearchcommunitytocomeupwithnewwaystoexploitscientificdiscoveries。

Itisaimedatboostingthechancesofturningscientificdiscoveriesintoviableproductsandbusinesses。

Commentingonthehalf-yearlyresults,chiefexecutiveAlanAubrey,said:Thegrouphascontinuedtoincreasetherateofdeploymentofthefundsraisedthroughits2011placingandourbalancesheetremainsstrongwithcashresourcesof£43。

2m。

Manyofourportfoliocompanieshaveannouncedsignificantfurtherfinancingsthisyear,includingOxfordNanoporeandtheadmissiontoAIMofRetroscreenVirologyandRevolymer。

IPaddedthatitremainswellplacedforfuturetrading。

CJ

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