15th Nov 2013 10:42
LONDON (Alliance News) - Candover Investments PLC Friday said its portfolio companies have continued to perform well during the year, with aggregate revenues and earnings before interest tax, depreciation and appreciation for the twelve months to September 30 "significantly ahead" on a like-for-like basis.
Candover said its net debt stood at GBP44.2 million on 30 September 2013, an increase of 17% since June 30, as a result of the GBP4.9 million drawdown of remaining commitments to co-invest alongside the Candover 2005 Fund.
Candover's net asset value per share, based on the property portfolio's valuation on June 30, was 627 pence.
The next valuation of the company's assets will be conducted as of December 31.
Candover Investments shares were Friday quoted at 409.20 pence, up 0.5%
By Samuel Agini; [email protected]; @samuelagini
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