Publication of report for 1Q2018

In the first quarter of 2018, the Company reported PLN 103k gain on investments. The main contributors to result on investments were:

– revaluation of investment portfolio (PLN 163k),
– interest and dividend (PLN 1k).

In a quarter under review, Carpathia Capital recognized administrative expenses of PLN 38k and reported operating loss of PLN 65k. Financial assets in other entities is the Company’s most significant asset with a share of 57,52% of total assets. Cash is the second most important position, representing 39,64% of total assets. Equity as of March 31, 2018 amounted to PLN 9 378k, with share capital of PLN 1 951k.

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

Equity as of 31.01.2018 amounted to PLN 9 378k, with share capital of PLN 1 951k.

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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