Astoria quarterly results March 2019

Total revenue for the quarter turned around to USD6 million (2018: loss of USD1.7 million), operating profit came in at USD190 000 (2018: loss of USD2.2 million), profit for the period was USD366 000 (2018: loss of USD2.1 million), while headline earnings per share was recorded at USD0.30 cents per share (2018: headline loss of USD1.66 cents per share).

No dividend has been declared for the period under review. However, a distribution to shareholders of a capital payment was declared in the finalisation announcement. Full details of the capital payment and the salient dates of the capital payment are contained in the finalisation announcement.

Company prospects
The Group anticipates further cash calls from the cash portion ring-fenced in terms of its commitment to global private equity firms.

The NAV of the Company will be reduced by the capital payment to shareholders which is due to be made on 29 April 2019. Accordingly, the NAV per share post the capital payment will be USD 0.19 (based on share prices as at 31 March 2019).

2019-04-24 13:02:14