LONDON (Alliance News) - TMT Investments PLC on Tuesday said its net asset value was higher in the first half of 2015 thanks to positive revaluations of some of its investments.
TMT, which invests in high-growth, internet-based companies, said its net asset value per share at the end of June was USD1.51, up from USD1.36 at the end of December.
The rise in net asset value was driven by five positive revaluations in the half amongst its portfolio companies. This included mobile technology company Drippler, work management software provider Wrike, customer relationship management software firm Pipedrive, farm management software company VitalFields, and sales management software firm PandaDoc.
Shares in TMT were untraded Tuesday, having last traded at 1.75 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Tmt Investments (TMT)