Bli medlem
Bli medlem

Du är här


Vostok New Ventures Ltd. Three Months Report Covering the Period January 1, 2016–March 31, 2016

Vostok New Ventures Ltd.
Quarterly report

Vostok New Ventures Ltd. Three Months Report Covering the Period January 1,
2016–March 31, 2016

Stockholm, 2016-05-16 08:01 CEST (GLOBE NEWSWIRE) --

- Net result for the period was USD 4.14 million (mln) (January 1, 2015–March
31, 2015: 12.83). Earnings per share were USD 0.06 (0.17).

- The net asset value of the Company was USD 507.59 mln on March 31, 2016
(December 31, 2015: 503.44), corresponding to USD 6.91 per share (December 31,
2015: 6.85). Given a SEK/USD exchange rate of 8.2389 the values were SEK
4,135.43 mln (December 31, 2015: 4,204.90) and SEK 56.26 (December 31, 2015:
57.21), respectively.

- The group’s net asset value per share in USD increased by 0.83% over the
period January 1, 2016–March 31, 2016. During the same period the RTS index
increased by 15.74% in USD terms.

- The Company has invested USD 20 mln into Propertyfinder, the leading property
vertical in the MENA region. Vostok New Ventures is the sole investor in this
primary funding round and owns 10% of the shares in Propertyfinder. USD 5 mln
was paid in December 2015 and the remaining payment of USD 15 mln was disbursed
during the first quarter 2016.

- The number of outstanding shares at the end of the period was 73,499,555.

- After the end of the period, Vostok New Ventures has invested USD 1.2 mln
(SEK 10 mln) in Swedish-founded Carable (Garantibil), which aims to become a
fully automated peer-to-peer marketplace for used cars.

- After the end of the period, the Board of Directors has resolved to mandate
the Company to repurchase up to 10% of the outstanding shares of the Company.

The Company will hold a telephone conference with an interactive presentation
at 16:00 CEST (10:00 a.m. EDT) Monday, May 16. For call-in details, see
separate press release issued Friday, May 13, at

Författare SSE

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.