(Alliance News) - TMT Investments PLC on Wednesday said its performance improved over the first half of 2021.
The Jersey-based company that invests in early-stage technology firms said net asset value per share stood at USD7.49 as at June 30, up 23% from USD6.10 reported as of the end of 2020.
During the first six months of 2021, the company said it had made USD14.1 million of investments across 13 new and existing portfolio companies.
Since the end of June, TMT Investments said it has completed a further seven investments totalling USD8.3 million in new companies, namely Collectly, VertoFX, MetroSpeedy and Academy of Change, and existing companies, Postoplan, Novakid and Backblaze.
"We are delighted with our portfolio companies' performance since the beginning of the year, which has sustained the trend of positive revaluations and cash realisations," said Executive Director Alexander Selegenev.
"We are strongly encouraged by the propitious environment for technology companies and continue to scour the globe for the most attractive investment opportunities, adding value to shareholders through the construction and management of a diversified portfolio of high-growth technology companies," added Selegenev.
TMT Investments shares were trading 10% lower in London on Wednesday at USD9.01 each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Tmt Investments (TMT)