2023-11-07 07:01:04
Zurich (awp) – Private Equity Holding (PEH) recorded a profit falling 35% to 7.3 million Swiss francs during its first half ending at the end of September.
The net asset value (NAV) per share has gained 2.1% to 153.93 euros since March, including the distribution of a dividend of 1.00 francs per share last June, the Zougoise holding company indicated on Tuesday. In Swiss francs, this corresponds to a decline of 0.3% to 148.90 Swiss francs.
The portfolio’s performance was “positive” during the period, thanks to the strengthening of the euro once morest the dollar. It is made up of half American investments and 44% Europeans.
The board of directors “remains aware” of the strong difference between the share price (at 69.00 Swiss francs as of September 30) and the net asset value, which it considers unjustified. He believes that the purchase of own shares is “an attractive investment”.
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