9th Jul 2019 12:56
(Alliance News) - RiverFort Global Opportunities PLC on Tuesday reported growth in net asset value in the first quarter of its current financial year.
The funding solutions provider said it has generated a total investment income of GBP483,000 in the three months to the end of March, compared to a GBP416,000 loss reported at the end of 2018.
RiverFort's NAV per share rose by 4.4% in the quarter to 0.112 pence from 0.107p. The AIM-listed company's share price on March 31 was 0.085p, with NAV representing a 31% premium to this.
RiverFort shares were trading 2.7% higher on Tuesday in London at 0.077p each.
Also during the quarter, RiverFort's equity portfolio grew slightly due to a further investment made in Pires Investments PLC as part of that company's recent fund raising.
Looking ahead, the company said it is continuing to see a number of interesting investment opportunities where it can deploy funds in order to make attractive returns.
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