|Net Asset Value of the ProgressNow! invest AG share per June 30, 2014 - 25.07.2014
The board of directors of ProgressNow! invest AG announce that the net asset value of the ProgressNow share per June 30, 2014 after the semi-annual valuations of all investments, amounted to CHF 6.31 per share (unaudited figure).
ProgressNow! invest AG expects a loss for the period of approximately CHF 481´000 (CHF 0.68 per share)
This loss results from the valuation adjustment to portfolio company Oceanlinx Ltd which was written down to nil on March 31, 2014, as well as further losses on the amount due from the sale of Cadent Holdings. In addition, the operating expenses have increased by approximately 45% compared to the corresponding period last year as a result of the planned restructuring and realignment of the company scheduled for the second half of the year.
The Semi-Annual Report and Accounts 2014 of the ProgressNow!-Group will be published on August 21, 2014.