TMT Investments announced its interim results for the six months ended 30 June 2022. Portfolio NAV declined 25.8% to US$210.1m from US$283.1m as of 31 December 2021. This translates to NAV per share of US$6.68 (compared to US$9.00 as of 31 December 2021), mainly due to downward revaluations of Backblaze by 69% and Bolt by 28%.
Administrative expenses decreased by 4% year-on-year to £772k, reflecting a lower level of investment and business development activities during the period. No bonus was ....
