IP Group Reports Growth In Portfolio And Net Asset...
LONDON (Alliance News) - IP Group PLC on Tuesday expressed confidence for the year ahead as its ... LONDON (Alliance News) - IP Group PLC on Tuesday expressed confidence for the year ahead as its net asset value grew by 4.4% in 2018. At the end of 2018, the value of the FTSE 250-listed company's portfolio had increased to GBP1.13 billion, from GBP1.10 billion the year before, as a result of the fair value movements and a net investment of GBP71.4 million. IP Group deployed capital into nine new companies or projects during the year, five of which were located in the UK, two in the US and two in Australasia. "The group had a disappointing financial performance in 2018, the most significant driver of which was share price declines of a number of AIM-listed portfolio companies," said Chair Douglas Flint.