APQ Global Limited Unaudited Final Results
17 September 2024 - 1:00AM
RNS Regulatory News
RNS Number : 3847E
APQ Global Limited
16 September 2024
APQ Global
Limited
("APQ
Global" or the "Company")
Unaudited results for the
period from 1 January 2023 to 31 December 2023
APQ Global Limited, a company
incorporated in Guernsey (company registration number 62008) which
is listed on The International Stock Exchange and admitted to
trading on AIM, announces its unaudited financial
position as at 31 December 2023.
As announced on 6 September 2024,
the Company continues to work diligently to support the completion
of its audit and expects to publish its FY23 Accounts as soon as
practicable. The audit process is ongoing and is contingent on the
outcome of the Meeting of CULS Holders convened for 30 September
2024. A further announcement is expected to be made shortly
thereafter.
For the avoidance of doubt, trading
in the Company's ordinary shares and CULS remain suspended
following the release of this announcement.
|
The
Company's unaudited financial position is summarised
as:
|
31 December
2023
|
|
|
$
|
|
Investments
|
38,502,687
|
|
Cash at banks/brokers
|
14,652,012
|
|
Short term receivables
|
6,299,553
|
|
Other assets
|
1,871,700
|
|
Total assets
|
____________________
61,325,952
|
|
|
|
|
Liability in respect of
CULS
|
36,710,043
|
|
Other liabilities
|
992,526
|
|
Total liabilities
|
____________________
37,702,569
|
|
|
|
|
Total equity
|
____________________
23,623,383
‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾
|
|
BVPS (USD Cents)
|
30.07
|
|
|
|
|
|
|
The group investments are made up
of:
|
$
|
|
|
|
|
Other Investments
|
629,797
|
|
Palladium Trust Services
|
23,213
|
|
New Markets Media &
Intelligence
|
472,951
|
|
Parish Group
|
4,760,103
|
|
Delphos Group Companies
|
32,205,419
|
|
Promethean Trustees
|
23,472
|
|
Promethean Advisory
|
387,732
|
|
Total Investments
|
____________________
38,502,687
‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾
|
|
|
|
|
Notes:
|
|
|
1. The figures in
the table above are estimates only and are based on unaudited
estimated valuations in accordance with the Company's valuation
policy. Such estimates may differ materially from any actual
results.
|
|
2. Publicly traded
securities are valued using close prices on the relevant exchange
as at 31 December 2023 (source: Bloomberg).
|
|
3. Direct
investments valuation provided by an independent third party as
at 31 December 2023.
|
|
4. All
non-USD balances converted to USD using the WM/Refinitiv FX
benchmark rates with 4.00 p.m. fixing on 31 December
2023 (source: Bloomberg).
|
|
|
|
The
Company's unaudited statement of comprehensive income is summarised
as:
|
31 December
2023
|
|
|
$
|
|
Revenue
|
12,867,293
|
|
Net gain/(loss) on financial assets
at fair value through profit and loss
|
10,521,374
|
|
Administrative expenses
|
(4,941,465)
|
|
Operating profit/(loss) for the year before
tax
|
__________________
18,447,202
|
|
|
|
|
Interest receivable
|
272,415
|
|
Interest payable
|
(2,519,207)
|
|
Impairment of financial assets at
amortised cost
|
-
|
|
Gain on partial settlement of
CULS
|
224,868
|
|
Profit/(loss) on ordinary activities before
taxation
|
__________________
16,425,278
|
|
|
|
|
Tax on profit/(loss) from ordinary
activities
|
-
|
|
Total profit/(loss) for the year
|
__________________
16,425,278
‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾
|
|
|
|
|
Other comprehensive
income
|
-
|
|
Total comprehensive profit/(loss) for the
year
|
__________________
16,425,278
‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾
|
|
|
|
- End -
For
further enquiries, please contact:
|
APQ Global
Limited
Bart Turtelboom
|
020 3478
9708
|
|
|
|
|
Singer Capital Markets - Nominated
Adviser and Broker
James Maxwell
|
020 7496
3000
|
|
|
|
|
Suntera - TISE
sponsor
Claire Torode
|
01481 737
277
|
|
|
|
|
Investor Relations
IR@APQGlobal.com
|
|
|
|
|
Notes to Editors
APQ Global Limited
APQ Global (ticker: APQ LN) is an
investment company incorporated in Guernsey. The Company focuses
its investment activities globally (in Asia, Latin America, Eastern
Europe, the Middle East, Africa and the Channel Islands,
particularly). The objective of the Company is to steadily grow its
earnings to seek to deliver attractive returns and capital growth
through a combination of building growing businesses as well as
earning revenue from income generating operating activities in
capital markets1. APQ Global run a well-diversified and
liquid portfolio, take strategic stakes in selected businesses and
plan to take operational control of companies through the
acquisition of minority and majority stakes in companies with a
focus on emerging markets. For more information, please
visit apqglobal.com.
1 Where we refer to revenue from
income generating operating activities this relates to the revenue
of our investee companies.
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