28th Sep 2018 15:38
LONDON (Alliance News) - EIH PLC said on Friday it saw a substantial fall in net asset value for the first half of 2018, and sunk to a loss on fair value movements.
For the six months to the end of June, the company reported a pretax loss of USD3.3 million, sinking from a loss of USD594,000.
This was due to a USD3.1 million loss from the movement in the fair value of its investments, mainly coming from a USD2.5 million decrease in fair value of EIH's investment Evolvence India Fund PCC.
Net asset value as at June 30 was 30.8 cents per share, down from 38.4 cents as at December 31.
Shares in EIH were untraded on Friday, last quoted at USD0.26.
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