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ASTORIA INVESTMENTS LIMITED - Summarised unaudited results for the quarter and nine months ended 30 September 2022

Release Date: 31/10/2022 10:00
Code(s): ARA     PDF:  
Wrap Text
Summarised unaudited results for the quarter and nine months ended 30 September 2022

ASTORIA INVESTMENTS LTD
(Incorporated in the Republic of Mauritius)
(Registration number 129785 C1/GBL)
SEM share code: ATIL.N0000
JSE share code: ARA
ISIN: MU0499N00015
(“Astoria” or “the Company”)

SUMMARISED UNAUDITED RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2022

Astoria is a Mauritian domiciled global investment company with primary listings of its shares on the Stock
Exchange of Mauritius (“SEM”) and the Alternative Exchange (“AltX”) of the JSE Limited (“JSE”). Section 12.18 of
the SEM listing rules requires Astoria to provide quarterly reports to its shareholders.

Astoria aims to grow its Net Asset Value (“NAV”) per share, measured in US Dollars (“USD” or “$”), at a high real
rate over time. Astoria’s valuation policy is to perform detailed valuations of unlisted investments for interim
results (June) and year end results (December). At all other times, unlisted values are kept unchanged, except
in instances where developments require an immediate and material change in value, which is applied without
delay. Price changes for listed investments and currencies are reflected on an ongoing basis.

                                       Quarter ended     Quarter ended     9 months ended      9 months ended
                                       30 September      30 September      30 September        30 September
                                       2022              2021              2022                2021
                                                                           (Unaudited)         (Unaudited)
 Net asset value       USD             0.64              0.57              0.64                0.57
 per share
                       Rand            11.59             8.59              11.59               8.59

 Income                USD             207 578           433               3 502 311           570 898
                       Rand            5 078 205         6 349             55 829 696          8 202 531

 (Loss)/earnings per   USD cents       (5.69)            (4.44)            1.39                10.44
 share
                       Rand cents      (86.86)           (64.38)           22.13               151.98

 Headline              USD cents       (5.69)            (4.44)            1.39                10.44
 (loss)/earnings per
 share
                       Rand cents      (86.86)           (64.38)           22.13               151.98



No dividends have been declared or paid for the quarter ended 30 September 2022.

SHORT-FORM ANNOUNCEMENT

This short-form announcement is the responsibility of the board of directors of Astoria (“Board”) and is only a
summary of the information in the full announcement and, accordingly, does not contain full or complete details.
The full announcement was published on SENS on 31 October 2022, and can be found on the Company’s website
www.astoria.mu and can be accessed using the following JSE link:
https://senspdf.jse.co.za/documents/2022/jse/isse/ARAE/Q3SEPT22.pdf
Any investment decisions by shareholders and/or investors should be based on the full announcement released
on SENS and published on the Company’s website at www.astoria.mu/publications.

Copies of the full announcement are available to the public, free of charge, at the registered office of the
Company, 1st Floor, 18 Uniciti Office Park, Black River Road, Bambous, Republic of Mauritius, or by sending an
email to info@astoria.mu.

By order of the Board
Mauritius – 31 October 2022

NOTES

Copies of the statement of direct or indirect interest of the Senior Officers of the Company pursuant to rule
8(2)(m) of the Securities (Disclosure of Obligations of Reporting Issuers) Rules 2007 are available to the public
upon request to the Company Secretary at the Registered Office of the Company at 1st Floor, 18 Uniciti Office
Park, Black River Road, Bambous, Republic of Mauritius.

This announcement is issued pursuant to SEM Listing Rules 12.20 and 12.21 and section 88 of the Securities Act
2005 of Mauritius. The Board accepts full responsibility for the accuracy of the information in this
announcement.


For further information, please contact:

Designated Advisor
Questco Corporate Advisory Proprietary Limited

Company Secretary
Clermont Consultants (MU) Limited

Date: 31-10-2022 10:00:00
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