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Raspberry Pi boosted by higher than expected profits

Shares rise after UK microcomputer maker publishes first earnings report since June IPO

Shares in Raspberry Pi jumped on Tuesday after the UK computer maker reported higher than expected profits in its first earnings report since its debut on the London Stock Exchange in June.

The Cambridge-based company, which makes small, low-cost computers, said sales volumes were slightly lower than expected but weighted towards higher-margin products, boosting profits.

Shares rose 8 per cent to 376p. They floated at 280p in June.

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