1st Oct 2019 17:27
(Alliance News) - RDL Realisation PLC on Monday reported a drop in net asset value per share for the first half of 2019 and said that it continues to focus on orderly realisation of the company's assets.
The investment trust's net asset value at June 30 stood at USD6.80 per share, down form USD7.49 at December 31 and USD12.75 a year ago.
Pretax loss for the six months to June 30 widened year-on-year to USD8.6 million from USD538,726 due to fall in investment income and higher operating costs.
RDL Realisation hopes to realise a substantial part of its remaining assets by the middle of 2020 and return proceeds to shareholders. It also plans to streamline costs further and ultimately delist the company's shares once the remaining assets have been substantively returned to investors.
Shares in RDL Realisation closed at 242.00 pence each in London on Tuesday.
By Tapan Panchal; [email protected]
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