Harvest: Interim Management Statement
19/11/2008 9:07
At the meeting held on November 18, 2008, the Board of Directors of Harvest Capital Management 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 September 30, 2008 declined to €1,258,789, while its portfolio in titles stood at €207,843.
The net asset value per share as at September 30, 2008 stood at €0.0812 compared to €0.0871 as at June 30, 2008. According to its net asset value, the negative performance of the Company reached 6.77%.
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 79.25% 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 September 30, 2008 declined to €1,258,789, while its portfolio in titles stood at €207,843.
The net asset value per share as at September 30, 2008 stood at €0.0812 compared to €0.0871 as at June 30, 2008. According to its net asset value, the negative performance of the Company reached 6.77%.
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 79.25% 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.
