25th Oct 2013 13:01
LONDON (Alliance News) - Investment company VinaCapital Vietnam Opportunity Fund Limited Friday said profit for the full year rose, reflecting a "robust" investment management performance.
The company which undertakes investment in Vietnam and well as Cambodia and China, reported pretax profit of USD90.7 million for the period ended June 30, up from USD29.1 million a year earlier, as revenue crept up to USD10.0 million, from USD8.9 million in 2012.
VinaCapital said its net asset value (NAV) fell to USD752.4 million, from USD765.6 million a year ago, but its NAV per share rose 17.6% to USD2.88 from USD2.45 in 2012.
Earnings per share also increased to USD0.31 from USD0.09.
The firm said total cash stood at USD53.4 million and it had no debt.
During the period the company appointed Steven Bates as an Independent Non-Executive Chairman following the retirement of Bill Vanderfelt.
The stock was trading unchanged at 2.20 pence Friday afternoon.
By Anthony Tshibangu; [email protected];
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