Publication of quarterly report 3Q2016

In the third quarter of 2017, the Company reported PLN 895k gain on investments.

The main contributors to result on investments were:
– revaluation of investment portfolio (PLN 894k),
– interest and dividend (PLN 1k).

In the first nine months of 2017, the Company reported PLN 733k profit on investments.

The main contributors to result on investments were:
– revaluation of investment portfolio (PLN 667k),
– interest and dividend (PLN 48k),
– profit on sales of securities (PLN 18k).

In a period under review (nine months of 2017), Carpathia Capital recognized administrative expenses of PLN 54k and reported operating profit of PLN 679k.

Cash remains the Company’s most significant asset with a share of 49,40% of total assets, almost balanced with financial assets in other entities representing 49,26% of total assets.

As stated in previous quarterly reports, we expect further deployment of cash in investment projects under review in the coming months, both in Poland and Romania.

Equity as of 30 September 2017 amounted to PLN 9 182k, with share capital of PLN 1 951k. According to the Resolution No 13/2017of the Ordinary General Meeting of CARPATHIA CAPITAL S.A. of June 30, 2017regarding approval for acquisition of own shares, the reserve capital has been set at PLN 700,000. Reserve capital has been allocated for the purchase of own shares together with the costs of their acquisition in accordance with this resolution.

The Company remained debt free.

The company’s investment objective is to provide long-term capital growth through investing in portfolio of early-stage and early-growth companies operating in Central and Eastern Europe with prospects to become quoted companies as well as already listed high-growth companies.

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