24th May 2016 14:43
LONDON (Alliance News) - Investment company EPE Special Opportunities PLC Tuesday reported a rise in net asset value for its most recently ended financial year.
EPE Special Opportunities said its net asset value as the end of January was 160.00 pence per share, up 12.6% on its net asset value per share of 142.13 pence the year before.
It said the year proved encouraging for its largest asset, Nexus Industries, which performed well driven by increased international sales and growth from its LED lighting range.
Whittard of Chelsea saw a week end to 2015, hit by lower than expected high street sales in the last quarter and flat online sales. However, EPE Special Opportunities said the business has continued to upgrade its London portfolio and invest in its offering, relaunching its tea range in September.
Combined, Nexus and Whittard make up 74.6% of the company's gross asset value.
"The board are encouraged with the overall performance of the portfolio and the progress made by the company in the last year. Nexus continues to be a highlight, maintaining its upward trajectory in 2015 and with a positive outlook for the coming year. The company will continue to source and review new investment opportunities where the Board believes value to investors is achievable," said Chairman Geoffrey Vero in a statement.
Shares in EPE Special Opportunities were untraded Tuesday afternoon. They last closed at 129.00 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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