Regallia: Interim Management Statement
19/5/2008 10:35
At the meeting held on May 16, 2008, the Board of Directors of Regallia Holdings and Investments Public Ltd examined and approved the Interim Management Statement, which has been prepared pursuant to article 11 of the Transparency Requirements Law 190 (I) 2007.
The Company showed losses due to the significant drop in the CSE share prices. Its assets as at March 31, 2008 declined to €2,217,328, while its portfolio in titles stood at €1,643,204.
The net asset value per share as at March 31, 2008 stood at €0.1050 compared to €0.1139 as at December 31, 2007. According to its net asset value, the negative performance of the Company reached 7.81%.
The divergence of the equity performance from that of the CSE general index is attributable to the Company’s position in not listed securities, which represented 44.92% of its assets.
There were no other revenues, profits or losses from non-recurrent activities except for the main activities of the Company.
With the adoption of the euro as official currency of the Republic from January 1, 2008, the Company’s currency has changed. As a result, its financial statements from January 1, 2008 have been converted in euros.
There are no other significant developments or deals affecting the Company’s financial statements.
The Company showed losses due to the significant drop in the CSE share prices. Its assets as at March 31, 2008 declined to €2,217,328, while its portfolio in titles stood at €1,643,204.
The net asset value per share as at March 31, 2008 stood at €0.1050 compared to €0.1139 as at December 31, 2007. According to its net asset value, the negative performance of the Company reached 7.81%.
The divergence of the equity performance from that of the CSE general index is attributable to the Company’s position in not listed securities, which represented 44.92% of its assets.
There were no other revenues, profits or losses from non-recurrent activities except for the main activities of the Company.
With the adoption of the euro as official currency of the Republic from January 1, 2008, the Company’s currency has changed. As a result, its financial statements from January 1, 2008 have been converted in euros.
There are no other significant developments or deals affecting the Company’s financial statements.
