Corvus Capital - full year results

Results announcement for the year ended 30 September 2007
Summary of announcement as follows:
• Corvus continued to make progress through the period achieving good levels of cash and unrealised investment gains
• Since the year end (and despite market conditions) Corvus has converted a number of its smallcap shareholdings into cash
• Corvus well placed to work on fewer but more significant projects:
• Good level of risk capital resources (cash) to target larger scale assets or companies
• Access to funding with which to make acquisitions either as principal or in partnership
• Corvus will continue to realise cash from smaller investments where the opportunity arises
• If appropriate, may consider a dividend payment if surplus cash resources permit

Commenting, Andrew Regan, Chief Executive of Corvus Capital Inc, said:
“During the first half of the year we achieved good levels of cash and unrealised gains from our investments, predominantly those listed, or planning to seek a listing on AIM.  During the second half we continued to invest in new market entrants across a range of sectors and these additional gains will fall into the first half of the current year.  Despite the unstable nature of the international equity markets the Company remains well positioned to identify substantially larger investment opportunities where it can secure significant additional value for shareholders.”

Full announcement in RIS News.
Print the full announcement here.

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