27th May 2015 10:29
LONDON (Alliance News) - Livermore Investments Group Ltd Wednesday said its net asset value per share decreased to USD0.82 at the end of 2014 - after paying an interim dividend of USD0.0256 per share - from USD0.86 at the end of 2013.
Net profit was USD7.2 million against USD2.5 million in the prior year. The company said performance was driven by "profitable activity in the US loan market and exit from Montana Tech Components offset by adverse currency movements and further declines in the share price of Babylon".
Interest and dividend income from the financial portfolio totalled USD26.6 million, compared with USD29.1 million in 2013.
Net rent from Wyler Park, the company's investment property in Bern, Switzerland, was CHF5.4 million in 2014.
"All of the 39 apartments and commercial spaces are fully rented. The loan against Wyler Park was successfully refinanced in January 2015," the company said.
Shares in the company were untraded on Wednesday morning. The stock last traded at 34 pence.
By Samuel Agini; [email protected]; @samuelagini
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