29th Sep 2015 12:48
LONDON (Alliance News) - EPE Special Opportunities PLC Tuesday reported a 4.2% rise in net asset value for the half year to end-July.
As at end-July the company had a net asset value of 148.10 pence per share, up 4.2% from 142.13 pence as at the end of January. It said its largest asset, Nexus Industries, continued to trade ahead of budget for the first half of 2015, driven by a strong performance in its UK and European retail channels and bolstered by strong demand for its Luceco LED lighting range.
Elsewhere, Whittard of Chelsea performed in line with forecast for the first half of 2015, and Process Components finished the year to end-June in line with budget and ahead of the previous year. Finally, Pharmacy2U finished its year to end-March slightly behind budget but ahead of 2014.
"The board are satisfied with the overall performance of the portfolio and the progress of the company in the last six months. The performance of the portfolio's largest asset, Nexus, is particularly notable as it continues to trade ahead of budget in first half of 2015. We are optimistic that the company's portfolio will continue to perform well and the company continues to actively source new deals," said Chairman Geoffrey Vero in a statement.
EPE Special Opportunities were up 2.3% at 110.00 pence Tuesday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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