24th Sep 2015 11:08
LONDON (Alliance News) - Dolphin Capital Investors Ltd Thursday reported a 7.2% rise in net asset value in the first half of 2015, which it attributed to a EUR75 million fundraising it completed in June, and the appreciation of its Americas properties due to the strengthening of the dollar.
Dolphin is an investor and developer of residential resorts.
The company did not undertake a revaluation of its portfolio during the period; it is next scheduled to do so at the end of 2015.
Dolphin noted that global macro tourism trends are favourable, and demographic and business indicators point to these trends continuing to the foreseeable future.
"This has been a busy period for the company as efforts have been heavily focused on the first steps of the implementation of the refocused strategy, which aims to enable Dolphin Capital Investors to deliver its potential. While we are early on in the process, I am confident that, with the people, portfolio and processes we have in place, we are on the right path to generate improved value to shareholders," said Non-Executive Chairman Laurence Geller in a statement.
Shares in Dolphin Capital were down 2.4% at 15.00 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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