Astoria records USD7.914 million in Q1

Charlene MacDonald

Astoria Investments Ltd ended the first quarter 2017 with USD7.9 million total revenue with an Operating profit of USD7.4 million.

Astoria recorded USD7.4 million profit for the period while headline earnings per share was USD6 cents per share.

The company did not declare any dividend for the period

Company Information

Astoria Investments Ltd is an investment company with permanent capital. The Company’s primary objective is to achieve strong United States dollar (USD) capital appreciation over the medium to long term by investing in global, equity-dominated holdings of primarily direct, high-quality listed businesses, primarily in developed markets. Its geographical segments include the United States, Europe, Asia, South Africa and Mauritius.

Its investments may include equity securities, unlisted or over-the-counter equity securities, other instruments derived from such securities and direct investment in listed or unlisted businesses. Its portfolio includes in sectors, such as technology, insurance, pharmaceutical, entertainment, financial, consumer products, retail and transportation. It offers access to markets across the world without the investor using their foreign allowance and professional portfolio management. Anchor Capital (Mauritius) Ltd serves as an investment manager to the Company.

The biggest driver for the GroupÆs performance will be the direction of global developed equity markets. We believe we are well positioned. We also anticipate further cash calls from the cash portion ring-fenced in terms of our commitment to four global private equity firms.