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Riverstone Energy Ltd - Guernsey-based investor in renewable and non-renewable energy companies - Issues interim management statement for the period from July 1 to September 30. Reports net asset value per share as at September 30 was £12.76, up 25% from £10.23 at June 30. Profit for the period totalled $87.2 million, no comparison was given, while profit per share was 190.74 cents. Says during the period, it invested $13.8 million in energy transition and decarbonisation investments, bringing the total invested in this area to over $227.6 million across thirteen investments, which in aggregate were valued at $153 million. David Leuschen and Pierre Lapeyre, co-founders said: ‘We believe that our earlier stage growth companies are well-positioned to survive this higher rate environment, tighter financing markets and muted investor risk appetite. It is our belief that the secular tailwinds supporting the energy transition will continue driving the shift from fossil fuels to lower-carbon sources of energy.’ Current stock price: 635.00 pence 12-month change: up 8.00% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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