NEW VALUE AG
NEW VALUE AG: Annual Result 2015/16 (as of March 31, 2016)
EQS Group-Ad-hoc: NEW VALUE AG / Key word(s): Final Results / Baar, June 24, 2016 – New Value characterized by stability For New Value AG, the 2015/16 fiscal year brought with it, along with a profit, new developments that enabled it to implement its harvesting strategy in an environment of stability. In the fiscal year 2015/16, various discussions were conducted regarding the divestiture of portfolio companies, which, however, did not lead to the desired results. This, and the performance of the portfolio companies in the fiscal year ended, but above all an assessment of the companies’ potential, moved the Board not to push the selling activities and to place a heightened focus on optimizing the portfolio companies’ value. The profit for the fiscal year practically corresponds to the net income from venture capital investments and loans. Operating income (income from assignment of a claim) was slightly above operating expenses. The Net Asset Value (NAV) of New Value AG as per March 31, 2016 increased to CHF 8.89 million (previous year CHF 8.55 million). The NAV per share increased accordingly from CHF 2.63 at the beginning of the period to CHF 2.71. New Value AG recorded in total a profit of CHF 0.28 million in the financial year 2015/16 (previous year loss of CHF 0.85 million). The profit per share amounted to CHF 0.09. With the sale of the claims against the former board members and former auditors, it was possible to make certain that the claims can be secured and financed over the medium to long term as well. At the same time, major liquid funds flowed to New Value AG from this sale. New Value will also have a substantial participation in future income from these claims. New Value AG will publish its annual report 2015/16 with detailed information on year-end results today. The report will only be available on the website of New Value AG (www.newvalue.ch/index.php?id=19&L=1) and only in German. Stock exchange listings: SIX Swiss Exchange (www.six-swiss-exchange.com)
 End of ad hoc announcement 2016-06-23 News transmitted by Tensid EQS AG. www.eqs.com The issuer is responsible for the contents of the release. |
Language: | English | |
Company: | NEW VALUE AG | |
Zugerstrasse 8a | ||
6340 Baar | ||
Switzerland | ||
Phone: | +41 43 344 38 38 | |
Fax: | ||
E-mail: | info@newvalue.ch | |
Internet: | www.newvalue.ch | |
ISIN: | CH0010819867 | |
Valor: | 552932 | |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Open Market in Frankfurt ; SIX | |
End of News | EQS Group News Service |