Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Africa Opportunity Fund Ltd - Cayman Islands-based closed-end investment company - Sees gains on investment surge to $11.2 million in 2021 from $482,924 the previous year. Income swings to a profit of $10.7 million from a loss of $401,744 the year prior. Per share, earnings swing to a profit of $0.43 from a loss of $0.01. At December 31, net asset value per share stands at $1.05, up from $0.65 at the same time the previous year.
Company says its 2022 performance will be impacted by rising inflation and the outcome of the Russian invasion of Ukraine.
Current stock price: $0.75
12-month change: up 60%
Copyright 2022 Alliance News Limited. All Rights Reserved.