LONDON (Alliance News) - PME African Infrastructure Opportunities PLC said its profit attributable to shareholders was flat in the first half, with its net asset value also flat.
The company, which invests in sub-Saharan Africa infrastructure, said its profit attributable to shareholders in the six months to June 30 was USD0.1 million, flat year-on-year.
Its net asset value was USD34.9 million, against USD35 million at December 31, 2013. Net asset value per share was at USD0.46, also flat on six months before.
PME shareholders in August rejected its proposed reverse takeover of Sheltham Holdings (Proprietary) Ltd, a move that would have changed PME from an investing company to become the holding company of a trading group.
PME said it remains in talks with a number of parties about the sale of its rail assets, which it had attempted to sell earlier in the year, but said it does not anticipated realising those assets in the short term. It said its rail business continues to perform profitably and said demand for the trains included in those assets remains strong.
PME African Infrastructure Opportunities shares were flat on Thursday, quoted at 0.155 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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