12th Aug 2019 11:19
(Alliance News) - Princess Private Equity Holding Ltd on Monday reported a rise in net assets in the first half of the year, with a strong rise in the investment company's portfolio seen in the second quarter.
At June 30, the investment holding company's NAV per share stood at EUR11.64 each, 6.8% ahead of the EUR10.90 at the end of 2018.
Princess Private Equity's net asset value also increased by 6.8% in the six month period, rising to EUR805.2 million from EUR753.7 million.
In the first half, Princess Private Equity declared a dividend of 0.29 euro cents. In 2018, Princess Private Equity paid a 0.56 cent dividend.
In the six months to June 30, the investment company, focused on private equity and private debt investments, achieved a NAV total return of 9.6%.
In the second quarter, which covers the three months to June 30, Princess Private Equity made EUR17.6 million of realisations from its portfolio and EUR22.6 million of new investments. As a result, the investment company's portfolio valuation increased by 4.8% in the quarter.
In the six months to June 30, the investment company's portfolio valuation is up 11.6%.
Shares in Princess Private Equity were up 1.2% in London on Monday at 870.00 pence each.
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