Stockholm, 2012-05-16 08:00 CEST (GLOBE NEWSWIRE) --
- Net result for the period was USD 44.47 million (mln) (January 1, 2011–March 31, 2011: 67.93). Earnings per share were USD 0.46 (0.67).
- The net asset value of the company was USD 523.60 mln on March 31, 2012 (December 31, 2011: 492.08), corresponding to USD 5.39 (December 31, 2011: 4.93) per share. Given a SEK/USD exchange rate of 6.6209 the values were SEK 3,466.68 mln (December 31, 2011: 3,406.84 mln) and SEK 35.70 (December 31, 2011: 34.12), respectively.
- The group’s net asset value per share in USD increased by 6.41% over the period January 1, 2012–March 31, 2012. During the same period the RTS index increased by 18.52% in USD terms.
- The number of outstanding shares at the end of the period was 95,404,657. During the first quarter 2012, Vostok Nafta repurchased 3,065,543 SDRs (shares).
- The reported net asset value per share of Vostok Nafta as of April 30, 2012 was USD 5.33 (SEK 35.83).
- In May 2012, two equity transactions, in Avito for USD 75 million, and in Tinkoff Credit Systems for USD 50 million, were completed. These transactions are expected to increase the net asset value of the company by approximately 10% as compared to the net asset value of April 30, 2012.
The company will host a telephone conference with an interactive presentation on Wednesday, May 16, 2012 at 15:30 Central European Time (CET). For call-in details, see separate press release issued Monday, May 14, 2012 at www.vostoknafta.com.
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For complete report, please see attached file.
For further information contact Per Brilioth or Robert Eriksson: tel: +46 8 545 015 50.
