As expected, Corporación Financiera Alba reported a sharp decline in its net profit (€68.2m in H1 18, vs. €426.4m in H1 17). This drop is mainly explained by capital gains on the ACS sale made in H1 17 (Alba has sold the remaining 7.52% of its ownership interest in ACS for €743.4m, with €352.7m in capital gains). Alba’s NAV stood at €4,243.8m on 30 June 2018, i.e. €72.87 per share, a 4.8% increase over H1 18 and a 31.7% discount to NAV. Alba trades a
24 Sep 2018
Safe and attractive investment, despite nil capital gains
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Safe and attractive investment, despite nil capital gains
Corporacion Financiera Alba, S.A. (0HA8:LON) | 0 0 0.0% | Mkt Cap: 2,105m
- Published:
24 Sep 2018 -
Author:
Imen YAHIA -
Pages:
3
As expected, Corporación Financiera Alba reported a sharp decline in its net profit (€68.2m in H1 18, vs. €426.4m in H1 17). This drop is mainly explained by capital gains on the ACS sale made in H1 17 (Alba has sold the remaining 7.52% of its ownership interest in ACS for €743.4m, with €352.7m in capital gains). Alba’s NAV stood at €4,243.8m on 30 June 2018, i.e. €72.87 per share, a 4.8% increase over H1 18 and a 31.7% discount to NAV. Alba trades a