Skip to main content

Ress Life Investments A/S Half-Year Report – 1 October 2021 – 31 March 2022

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Corporate Announcement no. 19/2022: Half-Year Report 1 October 2021 – 31 March 2022

Copenhagen, 24 May 2022

The Board of Directors and the Management have today discussed and approved the Half-Year Report of Ress Life Investments A/S, the Group, for the period 1 October 2021 – 31 March 2022:

  • Ress Life Investments A/S realised a net profit before and after tax of USD 6,863,734 for the period 1 October 2021 – 31 March 2022. The net profit for the period corresponds to a net return on equity of 2.17%, earnings per share at 49.34 and an increase in net asset value of USD 52.26 per share.
  • The profit before tax mainly relates to positive fair value adjustments offset by administrative expenses and staff costs.
  • The fair value of the Group’s investment assets decreased from USD 255,262,257 at 30 September 2021 to USD 252,092,951 at 31 March 2022.
  • Equity stands at USD 350,400,665 as of 31 March 2022, corresponding to a net asset value of USD 2,211 per share compared with a net asset value of USD 2,159 at 30 September 2021.
  • During the period, 28,220 new ordinary shares were issued.
  • Management expects that the life settlements market continues to offer attractive returns.
  • Management maintains a positive view on the full year result.

Questions related to this announcement can be made to the Group’s AIF-manager, Resscapital AB, Gustaf Hagerud, telephone: (+46) 8 545 282 09, or to the Group’s Chairman Søren Andersen, email: sa@fpension.dk.

Yours sincerely

Ress Life Investments A/S
The Board of Directors

Attachments

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.