Astoria final results December 2016

Astoria final results December 2016

Total revenue for the year came in higher at USD5.1 million (2015:USD27 000) whilst operating profit was recorded at USD3.3 million(2015: operating loss was USD233 000). Total comprehensive income for the year was USD3.9 million (2015: loss of USD1.7 million). In addition, headline earnings per share of USD3 cps (2015: headline loss per share of USD3 cps) was recorded.

Company prospects
The biggest driver for the company∆s performance will be the direction of global developed equity markets. We believe we are well positioned. At the time of this report, the portfolio has benefitted meaningfully from the positive returns experienced in global markets post year-end. We also anticipate further cash calls from the cash portion ring-fenced in terms of our commitment to four global private equity firms.

2017-03-20 14:56:57

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