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About this update from Aurrigo International Plc
[{"type":"text","content":"\n RNS Number : 2508X Aurora Russia Limited 23 June 2008 \n \n \n23 June 2008\n \nAurora Russia Limited\nAudited results for the 15 months ended 31 March 2008\n \nAurora Russia Limited ('Aurora Russia' or the 'Company'), the AIM-quoted investment vehicle established to make equity or equity-related investments in small and mid-sized private companies in Russia, announces today the audited results of the Company for the 15 month period ended 31 March 2008. \n \nAs previously advised, Aurora Russia has changed its accounting reference date going forwards from 31 December to 31 March in order to allow its investee companies more time to provide their audited financial statements.\n \nThe financial information set out in this announcement does not constitute the Company's statutory accounts for the 15 month period ended 31 March 2008.\n \nThe financial information for the 15 months period ended 31 March 2008 is derived from the financial statements delivered to the UK Listing Authority. The Auditors reported on those accounts, their report was unqualified and did not contain a statement under section 65(3) of The Companies (Guernsey) Law, 1994.\n \n \nFinancial highlights\n \n· Company net asset value as at 31 March 2008 was £85.58 million, representing 114.1p per share (£71.9 million or 95.9p per share as at 31 December 2006 representing a 19% increase and a 4% increase over the net asset value as at 31 December 2007)\n· Revaluation of the Company investment portfolio as at 31 March 2008 resulted in an overall increase in value of £13.75 million from cost of £63.51 million to £77.26 million, an increase of 22%\n· Consolidated net profit for the period of £5.22 million (net loss of £321,000 from incorporation in February 2006 to 31 December 2006)\n· Consolidated earnings per share for the period of 6.95p per share (loss per share of 0.43p from incorporation in February 2006 to 31 December 2006)\n \nOperational highlights\n \n· Effectively fully invested with £63.51 million (uncommi...