Ethos Capital says portfolio recovered but Virgin Active lags
The private equity group reported a 27% increase in its basic net asset value per share for the year to end-June 2022
28 September 2022 - 10:33
UPDATED 28 September 2022 - 13:31
Private equity firm Ethos Capital has reported a broad-based profit recovery to above pre-pandemic levels in most of the businesses in which it is invested.
The group, whose portfolio includes Brait, Twinsaver and Primedia, reported a 27% increase in its basic net asset value (NAV) per share to R8.49 for the year to end-June 2022, up from R6.67 the prior year using the Brait share price as the basis for the calculation. When Brait’s NAV per share is used to arrive at the group’s NAV per share, the figure rises to R10.66 by end-June 2022, up from R9.19 at the end of the previous financial year...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.