28th Sep 2015 09:40
LONDON (Alliance News) - Natural resources sector investment company Paternoster Resources PLC Monday reported a 9% rise in net asset value per share in the first half of 2015.
The company reported a net asset value per share of 0.442 pence as at end-June, up 9% from 0.404 pence at the end of 2014. The company said its investment portfolio continued to make good progress during the period, with net assets increased 10%.
It reported a pretax profit of GBP274,240 for the half year, swung from a pretax loss of GBP178,281 a year before, as a result of a GBP391,522 net gain on its investments.
"The company's investment portfolio continues to make good progress, notwithstanding the general downturn in the natural resources sector and current market conditions are creating many investment opportunities. The company is actively reviewing a number of interesting opportunities with a focus on creating shareholder value," said Chairman Nicholas Lee in a statement.
Shares in Paternoster Resources were up 7.7% at 0.183 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Paternoster Resources