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HgCapital Releases Preliminary Update For H1

HgCapital Trust Plc (HGT.L), an investment company, on Monday reported its first-half preliminary Net Asset Value or NAV per share of 524 pence, with NAV return per share, on a total return basis, of 5.6 percent.

HgT's estimated net assets were at 2.4 billion as of June 30, which represent an estimated NAV per share of 524 pence.

This growth was driven predominantly by strong trading performance in the underlying portfolio.

For the six-month period to June 30, the company registered investments of 310 million pounds and realizations of 347 million pounds.

LTM revenue and EBITDA growth stood at 20 percent and 25 percent, respectively, for the top 20 companies, which is 78 percent of the portfolio.

New and follow-on investments made in the period totaled 310 million pounds, including Visma, IRIS, GGW, CUBE, CINC, and Induver.

HgT will report its first-half interim results on September 16.

by RTTNews Staff Writer

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