Mineral & Financial Investments Ltd results confirm strong
“We continue to outperform the relevant internal key performance indicators that we measure our performance against.”
Mineral & Financial Investments Ltd (AIM:MAFL) shares strengthened as the investment company’s financial results confirmed a 17.6% increase in net asset value, to £6.438mln the end of the twelve month period.
The company, in the period ended June 30, noted the its growth in NAV has outpaced key industry indices, such as the Goldman Sachs (NYSE:GS) Commodity Index and FTSE 350 Mining Index which rose by 9.5% and 10.9% respectively.
“I believe M&FI’s investment performance during this extraordinary and challenging year was satisfying in absolute terms, but also in relative terms,” the company said in a statement.
“We continue to outperform the relevant internal key performance indicators that we measure our performance against.”
“We believe that the next 12 months will no less challenging, we believe that we are well positioned for the upcoming year and will do all within our abilities to meet our internal expectations, and those of our shareholders.”
The company added: “M&FI continues seek suitable strategic investment opportunities that we believe will generate above average returns while adhering to our standards of diligence.”
It reported a £1.36mln gross profit for the year, up from £726,000 in the previous year.
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