18th Mar 2016 09:01
LONDON (Alliance News) - Kubera Cross-Border Fund Ltd on Friday said its net asset value per share fell over the course of 2015, though its investment income swung to profit.
The company, which makes private equity investments primarily in companies that operate in the US-India corridor, said its net asset value per share was USD0.50 at the end of December, down from USD0.52 a year earlier.
It made a consolidated net investment profit of USD329,069 for the year ended December 31, compared to a USD553,420 loss in 2014, which came after its net unrealised gain from investment in securities outpaced its net realised loss from investment in securities.
In 2015, net realised loss from investment in securities was USD7.1 million from USD2.8 million in 2014, whilst net change in unrealised gain from investments in securities was USD7.4 million from USD2.2 million.
Shares in the fund were untraded Friday, having last traded at 0.160 pence.
By Hannah Boland; [email protected]; @Hannaheboland
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