18th Aug 2021 12:25
Riverstone Energy Ltd - Guernsey-based investor in energy companies and assets - Reports net asset value per share is GBP6.83 at June 30, up 50% from GBP4.55 at December 31. Pretax profit is GBP198.1 million for six months ended June 30, swinging from a loss of GBP355.2 million last year. Basic and diluted earnings per share of 229.92 pence for half year, swinging from loss of 332.67 pence. Company cites industry distress, historical under-investment in energy infrastructure, and rapid growth in consumption as drivers of investment strategy
"Through this period our focus has been on maintaining resilience and improving our portfolio companies," says Chair Richard Hayden. "This shift in focus, progress in executing against our strategy and the steady increase in commodity prices over the last six months means we are well positioned for the remainder of 2021."
Current stock price: 394.38
Year-to-date change: up 33%
By Josie O'Brien; [email protected]
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