25th Sep 2015 08:18
LONDON (Alliance News) - Livermore Investments Group Ltd on Friday said its net asset value per share was down in the first half due to impairment writedowns it took on some of its investments.
Livermore said its net asset value per share at the end of June was 81 US cents per share, down from 86 cents per share a year earlier.
Income from its investments was down to USD14.6 million in the half from USD16.8 million and the group booked USD10.8 million in impairment losses on investments, up from USD1.6 million a year earlier.
The impairments it booked in the year meant its pretax profit plunged to USD2.2 million from USD11.5 million a year earlier.
Shares in Livermore were untraded on Friday, having last traded at 33.25 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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