5th Jun 2015 15:56
LONDON (Alliance News) - EIH PLC said Friday that its net asset value per share fell to USD0.498 from USD0.747 in 2014, although it rose 1.5% including a distribution of 26 cents per share it made during the year.
EIH makes indirect investments in Indian private equity funds and companies via Mauritian based investment funds.
EIH received distributions of USD7.3 million from the Evolvence India Fund PCC and a consideration of USD11.7 million from the part disposal of its investment in EIF Co Invest X, or Gland Pharma Ltd.
The company posted a pretax profit of USD698,720, down from USD2.6 million a year before, as a USD7.7 million profit from the sale of investments was offset by a USD6.4 million loss from fair value movement on its investments.
Operating costs rose 15% compared with the previous year as a result of the sale of its stake in Gland Pharma.
EIH last closed as USD0.489.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
EIH.L