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IN BRIEF: EverArc Posts Loss, Confident Of Finding Business To Buy

15th Jan 2021 20:21

EverArc Holdings Ltd - investment vehicle - Reports loss of USD947,832 for period comprising incorporation on November 8, 2019 to October 31, 2020. Expenses total USD2.6 million and investment income at USD1.6 million.

"While the current environment is uniquely dynamic and unpredictable around transaction timing, we enter 2021 with a robust and growing list of what we believe are exceptionally high-quality businesses that match our target criteria, and that should meet our long-term target equity returns. We are confident that we will acquire such a business in our search window," says EverArc.

Current stock price: 14.00 pence

Year-to-date change: flat

By Lucy Heming; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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EVRA.L
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Change53.53