21st Mar 2016 11:45
LONDON (Alliance News) - TMT Investments PLC on Monday reported a rise in its net asset value per share in 2015, due to positive revaluations in many of the companies in its portfolio.
TMT, which invests in internet-based companies, said its NAV per share grew by 40% in 2015 to USD1.91 from USD1.36 in 2014, as a result of a number of positive revaluations across its portfolio.
TMT said significant uplifts in the value of its investments were achieved in mobile technology company Drippler, work management platform Wrike, customer-relationship-management software provider Pipedrive, and farm management software provider VitalFields, as well as others.
"We continue to see exciting investment opportunities in our chosen sectors and look forward to updating our shareholders on the company's progress in the near future," Executive Director Alexander Selegenev said in a statement.
Shares in TMT were untraded on Monday, last quoted at 1.79 pence.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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