Sim Capital alliance value fund is reporting 396% increase in profit to NGN1.1 billion for the half year compared to NGN229.8 million reported same period in the financial year 2016.
The company ended the period with NGN1.2 billion revenue in contrast to NGN308.7 million recorded in the previous year while net operating income was NGN1.1 billion against NGN243.9 million in the year before.
Sim capital alliance value fund said its total asset for the period NGN4.9 billion compared to NGN4.0 billion acquired in the year 2016 while total liabilities was NGN90.7 million versus NGN18.0 million in the year before.
About the company
SIM Capital Alliance Ltd (“SIMCAP”) is an SEC registered Fund/Portfolio manager, providing investment management and advisory services to institutional investors and high net worth individuals. SIMCAP manages the SIM Capital Alliance (“Value Fund”), a closed ended collective investment scheme listed on the Nigerian Stock Exchange with an objective to achieve long-term capital growth by investing in quoted and unquoted Nigerian equities which the Fund Manager identifies as being undervalued and offering above average growth potential.
