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Vostok Nafta Investment Ltd. Six Months Report Covering the Period January 1, 2014–June 30, 2014

August 12, 2014

Stockholm, 2014-08-13 08:00 CEST (GLOBE NEWSWIRE) -- - Net result for the period was USD –91.04 million (mln) (January 1, 2013–June 30, 2013: –24.68). Earnings per share were USD –1.11 (–0.28). Net result for the quarter was USD –24.02 mln (–48.47). Earnings per share for the quarter were USD –0.32 (–0.55). - The net asset value of the Company was USD 428.94 mln on June 30, 2014 (December 31, 2013: 633.97), corresponding to USD 5.73 (December 31, 2013: 7.05) per share. Given a SEK/USD exchange rate of 6.7406 the values were SEK 2,891.29 mln (December 31, 2013: 4,126.10 mln) and SEK 38.62 (December 31, 2013: 45.89), respectively. - The group’s net asset value per share in USD decreased by 18.75% over the period January 1, 2014–June 30, 2014. During the same period the RTS index decreased by 32.34% in USD terms. During the quarter April 1, 2014–June 30, 2014 the group’s net asset value per share in USD decreased by 7.53% (RTS index: –16.84%). - The number of outstanding shares at the end of the period was 74,865,149. During the second quarter 2014, Vostok Nafta repurchased 8,403,491 SDRs (shares). - The reported net asset value per share of Vostok Nafta as of July 31, 2014 was USD 5.50 (SEK 37.92). - After the end of the reporting period the Company has made two new investments: a USD 7.5 mln investment in Quandoo, the fastest growing and technology leading restaurant reservation platform in EMEA and a USD 25 mln investment in GetTaxi, which provides transportation services to enterprises and individuals through mobile and web applications and aims to become the global leader in the space. The Company will hold a telephone conference with an interactive presentation at 16:00 CET (10:00 a.m. EST) Wednesday August 13. For call-in details, see separate press release issued Thursday, August 7, 2014 at www.vostoknafta.com. Copyright © 2014 OMX AB (publ).


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Source: OMX


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