Oakley Capital Investments Reports Net Asset Value Rise For 2017

15th Mar 2018 17:08

LONDON (Alliance News) - Oakley Capital Investments Ltd said Thursday its net asset value increased over 2017 due to the growth of its underlying portfolio companies.

Oakley reported a 6% increase in its NAV per share for the twelve months to December 31, finishing the period at 245 pence compared to 231p the prior year. The company declared a final dividend per share of 4.5p.

Oakley said the increase in NAV was due to a solid performance in 2017, driven by "the continued growth of the underlying portfolio companies".

"The underlying portfolio continues to perform despite macroeconomic factors, and the company is strongly positioned to deliver meaningful growth to shareholders over the next twelve months," Chairman Christopher Wetherhill.

"2017 marked the 10 year anniversary of Oakley Capital Investments, a decade of progress in which we have benefited from the strong performance of the Oakley portfolio companies. It is with significant optimism that we now look forward to 2018 and the years ahead," Wetherhill said.

Shares closed up 0.9% at 166.00p on Thursday.

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