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IN BRIEF: Reconstruction Capital II net asset value up over interim

ALN

Reconstruction Capital II Ltd - closed-end investment fund - As at June 30, net asset value per share stands at 19.55 euro cents, up from 15.62 cents the same date a year before, but down from 19.71 cents at the end of December.

Although paint and varnish company Policolor Group posts revenue growth, earnings before interest, tax, depreciation and amortisation drops on difficulties in passing on raw material price increases to customers, while Romania-based Mamaia Resort Hotels swings to a profit for the six-month period as a result of higher occupancy.

Loss for the six month period narrows to €239,608 from €329,698 a year before, while net investment income surges to €155,319 from €12,040.

Current stock price: €0.080

12-month change: down 11%

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