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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Irf European Finance Investments Ltd | LSE:IRF | London | Ordinary Share | BMG493831058 | COM SHS USD0.0015 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0018 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMIRF RNS Number : 6249D IRF European Fin Investments Ltd 04 December 2009 +------------------------------------------+------------------------------------------+ | Press Release | 4 December 2009 | +------------------------------------------+------------------------------------------+ IRF European Finance Investments Ltd ('IRF' or the 'Company') Nine Months 2009 Results IRF European Finance Investments Ltd announces its audited financial results for the nine months ended 30 September 2009. Financial Highlights: +---------------------------------+------------------+-------------------+ | Amounts in EUR 000 | Nine months |Nine months ended | | | ended 30 |30 September 2008 | | | September 2009 | (as restated) | +---------------------------------+------------------+-------------------+ | Income Statement items | | | +---------------------------------+------------------+-------------------+ | Total Operating Income | 35,448 | 30,801 | +---------------------------------+------------------+-------------------+ | (Loss)/Profit after tax from | 6,228 | 11,058 | | continuing operations | | | +---------------------------------+------------------+-------------------+ | Net (Loss)/Profit from | - | (87,139) | | discontinued operations | | | +---------------------------------+------------------+-------------------+ | (Loss)/Profit after Tax | 6,228 | (76,082) | +---------------------------------+------------------+-------------------+ | Attributable to equity holders | 6,228 | (34,276) | | of IRF | | | +---------------------------------+------------------+-------------------+ | Minority Rights | - | (41,806) | +---------------------------------+------------------+-------------------+ | Basic earnings (loss) per share | 0.05 | (0.27) | | (in euro/share) | | | +---------------------------------+------------------+-------------------+ | Diluted earnings per share (in | 0.05 | (0.27) | | euro/share) | | | +---------------------------------+------------------+-------------------+ | Basic earnings (loss) per share | 0.05 | 0.09 | | (in euro/share) from continuing | | | | operations | | | +---------------------------------+------------------+-------------------+ | Diluted earnings per share (in | 0.05 | 0.09 | | euro/share) from continuing | | | | operations | | | +---------------------------------+------------------+-------------------+ | Balance Sheet Items | 30 September | 31 December 2008 | | | 2009 | (as restated) | +---------------------------------+------------------+-------------------+ | Cash and cash equivalents | 110,012 | 148,610 | +---------------------------------+------------------+-------------------+ | Total Assets | 425,237 | 403,689 | +---------------------------------+------------------+-------------------+ | Total Liabilities | 198,204 | 200,148 | +---------------------------------+------------------+-------------------+ | Total Equity | 227,033 | 203,541 | +---------------------------------+------------------+-------------------+ | Equity attributable to equity | 227,033 | 203,541 | | holders of the Company | | | +---------------------------------+------------------+-------------------+ | Minority Rights | - | - | +---------------------------------+------------------+-------------------+ Net Asset Value IRF determined that its shares had a net asset value ('NAV') of $2.66 per share as at 30 September 2009. The equity holdings portfolio of IRF is marked to market on the balance sheet as at 30 September 2009. As of this date, the total assets of the Company, including the cash balance of EUR110.0 million, was EUR425.2 million. The total liabilities were EUR198.2 million. Consequently, the equity value was EUR227.0 million. The Euro/$ exchange rate of $1.4643 on 30 September 2009 was used to compute the NAV. As of 30 September 2009, IRF had 124.8 million common shares outstanding. IRF intends to determine and publish NAV on a periodic basis. This estimated NAV is provided for information purposes only and should not be relied upon for investment decisions. For further information: IRF European Finance Investments Ltd Angeliki Frangou, Chairperson Tel: +30 (0) 210 428 0560 Sheldon Goldman Tel: +1 212 404 5740 About IRF IRF's principal investment strategy is to seek investment opportunities in global financial institutions, with a complementary focus on investments in distressed opportunities in other industries. The Company was initially listed on AIM until 19 January 2009 when it transferred to the SFM (Specialist Fund Market), both markets operated by the London Stock Exchange plc. The Company's registered office is at Canon's Court 22 Victoria Street, Hamilton HM12, Bermuda. Forward-looking statements All statements, other than statements of historical fact, included in this release are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon current expectations and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. IRF assumes no obligation and expressly disclaims any duty to update the information contained herein except as required by law. This information is provided by RNS The company news service from the London Stock Exchange END QRTEALALEDDNFFE
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