The pan-Asian diversified investment vehicle has reported its FY21 December results. Gross portfolio income was flat at US$2.5m. However, it posted a net portfolio loss of US$35.6m (FY20: 6.7m in portfolio profit), primarily due to a 100% provision against the book value of US$29.7m its convertible bond in the Fook Lam Moon restaurant Group. Net Asset Value (NAV) for the year decreased to US$68.0m (£55.8m), down 36% from US$106.4m (£78.0m) in FY20. FY21 December NAV per share was 48.5 pence. Jad ....
01 Jul 2022
Hybridan Research: Jade Road Investments Ltd: 01/07/2022: Pivot away from China and focus on broader Asian SMEs
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Hybridan Research: Jade Road Investments Ltd: 01/07/2022: Pivot away from China and focus on broader Asian SMEs
Jade Road Investments Limited (JADE:LON) | 1.4 0 0.0% | Mkt Cap: 4.89m
- Published:
01 Jul 2022 -
Author:
Derren Nathan -
Pages:
10
The pan-Asian diversified investment vehicle has reported its FY21 December results. Gross portfolio income was flat at US$2.5m. However, it posted a net portfolio loss of US$35.6m (FY20: 6.7m in portfolio profit), primarily due to a 100% provision against the book value of US$29.7m its convertible bond in the Fook Lam Moon restaurant Group. Net Asset Value (NAV) for the year decreased to US$68.0m (£55.8m), down 36% from US$106.4m (£78.0m) in FY20. FY21 December NAV per share was 48.5 pence. Jad ....