(Alliance News) - St Peter Port Capital Ltd on Thursday reported an improved performance in the first half of its current financial year.
The investment company reported NAV per share of 18.04 pence as at the end of September, up 4.8% since the end of March.
The stock was untraded on Thursday in London, last closing at 5.35p a share.
During the period, the company said it neither made nor realised any investments. At the end of the first half, St Peter Port was invested in six companies, with portfolio value standing at GBP11.1 million.
"We do see positive developments in our core companies, however progress remains slow," said Chair Lynn Bruce.
"Although we are working to create opportunities to sell down St Peter Port's positions in the companies, none of them have yet reached an inflexion point which would allow us to conclude a sale at what St Peter Port considers fair value," Bruce added.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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