|
HgCapital Trust PLC on Wednesday announced that portfolio trading in the third quarter of 2023 was strong, boosting its net asset value. The London-based investor, providing access to the private equity investments of New York-based manager Hg, said NAV per share rose to £4.94 at September 30. HgCapital Trust shares rose 2.4% to 392.00 pence each on Wednesday morning in London. The company said its NAV per share growth represented a total return of 4.8% over three months. For June 30, it had reported NAV per share of £4.73, slightly up from £4.51 at the end of September 2022. ‘Strong portfolio trading and value creation continues to drive growth,’ the trust proclaimed. HgCapital Trust said its continued strong long-term performance was driven by robust trading with the top 20 investments, which represent 76% of its portfolio by value. It noted a 27% sales growth and a 28% increase in earnings before interest, tax, depreciation and amortisation over the past 12 months. Copyright 2023 Alliance News Ltd. All Rights Reserved.
|
