CLR Investment Fund Public Ltd. Reports Interim Management Statement Results for the Period from July 1, 2013 to November 15, 2013; Provides Earnings Guidance for the Year 2013
November 20, 2013 at 07:04 pm
CLR Investment Fund Public Ltd. reported interim management statement results for the period from July 1, 2013 to November 15, 2013. For the period, the company reported losses from revaluation of financial assets at fair value via the results of 469,000 compared to 377,000 last year, which are mostly attributable to the drop in the CSE prices and the impairment in value of non-listed company. Also, the Group generated losses from sale of listed shares of 10,000 compared to 37.000 last year. The Group recognized losses from depreciation in value of receivables of 93,000, while no additional provision for the depreciation of the debt on behalf of Piraeus Bank SA to the subsidiary Europrofit Capital Investors Public Ltd. has been made. The group's loss for the period reached 635,000 compared to 437,000 last year.
The company expects under the current circumstances, the results for 2013 are expected to be negative.