Half Yearly Report
Paternoster is pleased to announce its unaudited interim results for the six months ended 30 June 2015.
The Company made profits after tax of £274,270 for the six months ended 30 June 2015 compared to a loss of £178,281 for the same period in 2014. Paternoster's investment portfolio continues to make good progress with net assets at 30 June 2015 increasing by 10% to £3,040,522 or 0.44p per share, compared to £2,758,784 at 31 December 2014. The Company's share price at 30 June 2015, however, was 0.21p, which represents a 52% discount to the Company's underlying net asset value at that date and a 37% discount to the value of the Company's portfolio of listed investments and cash and cash equivalents (excluding the Company's other assets).