24th Apr 2014 13:21
LONDON (Alliance News) - Utilico Investments Ltd Thursday said its net asset value declined 3.4% in the three months to March 31.
Gross assets less current liabilities, excluding debt, fell by GBP32.3 million to GBP371.2 million from GBP403.5 million.
In an interim management statement the firm noted that in the three months to March 31, the FTSE All Share Total Return Index was down 0.6%, the S&P 500 was up 0.6%, and the MSCI Emerging Markets Index was down 1.5%.
Financially, it said bank debt was reduced to GBP19.8 million at the quarter-end compared with GBP49.0 million at the end of December.
The stock was trading at 120.00 pence Thursday, up 2.50 pence or 2.1%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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