TMT Investments PLC - venture capital investor in high-growth technology companies - Says 2021 pretax profit rises 15% to USD86.7 million from USD75.1 million in 2020. Total investment income climbs to USD98.8 million from USD82.4 million. Company posts a 48% increase in net asset value per share to USD9.00 from USD6.10. Portfolio firms see minimal negative effect from military conflict in Ukraine, company says, USD4.6 million of potential new write-downs currently identified. The company expects a number of positive revaluations across its portfolio in 2022.
Current stock price: USD4.60, up 16% on Friday
12-month change: down 37%
By Tom Budszus; tombudszus@alliancenews.com
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Tmt Investments (TMT)