Financial report for the first quarter 2019

World News: . []

Stockholm, May 15, 2019 (GLOBE NEWSWIRE) --

> Net result for 1Q19 was USD 1.56 million (mln) (1Q18: USD 13.01 mln). Earnings per share were USD 0.00 (1Q18: USD 0.02).

> Net asset value (NAV) was USD 203.07 mln as at March 31, 2019 (December 31, 2018: USD 201.42 mln), an increase of 0.82% in USD over the quarter.

> NAV per share was USD 0.32 (December 31, 2018: USD 0.31).

> NAV in SEK was 1,885 mln as at March 31, 2019 (December 31, 2018: SEK 1,806 mln) and SEK 2.93 per share (December 31, 2018: SEK 2.78 per share).

> VEF sold its remaining 508,258 shares in Tinkoff Bank, at a value of USD 8.71 mln, completing its first portfolio exit.

> VEF repurchased 630,000 Swedish Depository Receipts (SDRs) in the Company for the purpose of delivery of SDRs in connection with the Company’s long-term incentive programs.

> Nibo, Brazilian small business accounting SaaS company, closed a financing round whereby VEF invested an additional USD 2.0 mln.

> VEF invested a further USD 0.25 mln in iyzico by way of a purchase of secondary shares, closing out our broader USD 2 mln investment in this round.

> On April 30 2019 FinanZero closed a Series B investment round of SEK 100 mln (USD 10.5 mln) where VEF invested an additional SEK 957,000 as part of the round.

 

The Company will hold a telephone conference with an interactive presentation at 15:00 CEST (09:00 a.m. EDT) Wednesday, May 15, 2019. For call-in details, see separate press release issued Wednesday, May 8, 2019 at .

For further information please contact: Henrik Stenlund, CFO: +46 (0) 8-545 015 50

 

More news and information about Vostok Emerging Finance Ltd

Published By:

Globe Newswire: 07:00 GMT Wednesday 15th May 2019

Published: .

Search for other references to "financial" on SPi News


Share

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.
 
Privacy Policy | Terms and Conditions | Contact Us