Molten Ventures PLC - London-based venture capital firm - Reports that on September 30, net asset value per share was 735 pence, down 5.8% from 780p at March 31. Gross portfolio value declines 5.3% to GBP1.30 billion from GBP1.37 billion over the six months. However, in the six months to September 30, operating loss before tax narrows to GBP72.4 million from GBP158.0 million a year prior. Loss from movements on investments held at fair value decreases to GBP63.2 million from GBP155.9 million. Looking ahead, Molten Ventures says the macroeconomic outlook remains uncertain, citing Ukraine and the Middle East. However, anticipates market conditions to further stabilise in the second half of the year.
Current stock price: 259.40 pence, up 3.8% on Wednesday
12-month change: down 38%
By Tom Budszus, Alliance News slot editor
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Molten Ventures (MVCT)