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IN BRIEF: Hermes Pacific Investments Interim Loss Widens Slightly

18th Dec 2020 17:31

Hermes Pacific Investments PLC - emerging market-focused investor - For half year ended September 30, pretax loss widens to GBP52,000 from GBP48,000 last year. Posts no revenue due to lack of any operating business but continues to manage costs effectively whilst bringing spending to a minimum. The company is also considering possible investment opportunities which would be compatible with its investment strategy. As at September 30, Hermes had net assets of GBP3.6 million of which cash was GBP3.5 million.

Current stock price: 105.00 pence

Year-to-date change: up 31%

By Arvind Bhunjun; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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