6th Jun 2023 11:52
APQ Global Ltd - Guernsey-incorporated emerging markets investor - Book value as at December 31 is USD7.2 million, down by more than two thirds from USD23.6 million at the start of 2022. Suffers a drawdown across the year. The decrease in book value is due to a decline in the value of liquid markets portfolio and currency effects in the valuation of the direct investment portfolio, APQ Global says. Pretax loss widens to USD16.3 million in 2022 from USD7.6 million in 2021, as book value per share drops to 9.21 cents from 30.07 cents. Revenue, however, edges up to USD7.2 million from USD6.9 million, and administrative expenses are cut to USD303,405 from USD4.2 million.
Looking ahead, APQ Global says it has been able to take opportunities to develop its direct investment portfolio which is now "very well positioned to capitalise from several growing trends globally".
Current stock price: untraded at 4.00 pence on Tuesday in London, down 27% from 5.50p close on Monday
12-month change: down from 8.00p
By Xindi Wei, Alliance News reporter
Comments and questions to [email protected]
Copyright 2023 Alliance News Ltd. All Rights Reserved.