20th Aug 2015 15:08
LONDON (Alliance News) - Close-end investment company Reconstruction Capital II Ltd said Thursday its net asset value per share rose 2.5% in the first half of 2015, boosted by the rise in the share price of Albalact SA and dividends from Top Factoring Group.
It had a net asset value of EUR0.3868 per share as at June 30, up from EUR0.3775 at the end of 2014.
The company posted a pretax profit of EUR936,134 for the half year to end-June, down from EUR2.5 million a year before, as a result of lower investment income.
It did not make any new investments under its private equity programme except for buying a 7.7% interest in Glasro Holdings Ltd, a sister company of Top Factoring SRL. It continued to pursue a number of exits during the period.
As at the end of the half-year the company's listed equities held under its trading programme had a total market value of EUR350,000, up 2.3% from the previous half year.
Shares in Reconstruction Capital were untraded Thursday. It last closed at 0.157 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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