2023-06-19 13:18:06
Symphony International Holdings Ltd – Asian investment company specializing in the healthcare, hospitality, lifestyle, logistics and education sectors – Net asset value per share as of March 31 fell 7.9% from $0.9675 as of December 31 to $0.8906, mainly due to a decline in the value of Indo Trans Logistics Corp. The company cites tight monetary policies, high inflation and geoeconomic fragmentation, as reported by the International Monetary Fund. Looking to the future, Symphony notes a slowdown in inflation and positive economic change in China following the removal of Covid restrictions in early 2023. Additionally, Symphony sees positive economic development from India despite the deceleration in global demand. Meanwhile, Symphona says it has made a new investment in residential property developer Isprava.
Current share price: $0.46 per share, up 2.0% on Monday afternoon in London
12-month change: down 12
By Tom Budszus, Alliance News reporter
Comments and questions to [email protected]
2023 Alliance News Ltd. All rights reserved.
1687185271
#Decline #quarterly #net #asset #Symphony #International