28th Oct 2014 15:01
LONDON (Alliance News) - VinaCapital Vietnam Opportunity Fund Ltd Tuesday said its net asset value per share increased over the financial year to the end of June.
The investment company, focused on Vietnam, said its net asset value was USD779.0 million on June 30, up from USD752.4 million a year earlier. It said this translated into a NAV per share of USD3.27, compared with USD2.88 the prior year.
"The NAV rose by 13.6% in USD terms, a result which reflects a particularly strong performance from the 57.7% of the portfolio which is invested in listed equities and the 9.5% in so called over the-counter traded equities, some of which are going through the privatization process," the company said in a statement.
It said its NAV generated a return of 24.3%, well ahead of its benchmark, the Vietnamese Index, which returned 19.2% in USD terms.
Its net profit for the year came to USD81.4 million, lower than the USD90.1 million net profit it reported a year earlier, however earnings per shares increased slightly year-on-year, to USD0.33, up from USD0.31 the prior year.
The company's shares were trading 0.1% lower Tuesday afternoon, at USD2.66 per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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VinaCapital Vietnam Opportunity Fund