|
Allianz Technology Trust PLC on Tuesday said it swung to a profit in the six months ended June 30. The London-based technology investment company said net asset value per share on June 30 was 299.7 pence, up 30% from 231.0p on December 31, underperforming the Dow Jones World Technology Index by 3.3%. For the first six months of 2023, Allianz swung to a pretax profit of £272.5 million from a pretax loss of £449.9 million a year prior, partly driven by gains on investments of £275.1 million. Total net assets for the period grew by 90% to £1.9 million from £1.0 million the year before. Looking ahead, the company said it expects to benefit from artificial intelligence, saying growth opportunities are likely. Shares in Allianz were up 0.5% at 275.29 pence each in London on Tuesday morning. Copyright 2023 Alliance News Ltd. All Rights Reserved.
|
