On 28 December 2022, Santumas Shareholdings plc published its interim financial statements for the six-month period ended 31 October 2022.
Investment income improved to €0.38 million compared to the €0.21 million figure generated in the comparable six-month period ended 31 October 2021. Moreover, Santumas Shareholdings registered a €0.10 million increase in fair value of its financial assets, in contrast to the decline of €0.23 million in the comparable six-month period last year.
Administrative expenses decreased by 17.6% to €0.06 million.
Overall, Santumas Shareholdings reported a pre-tax profit of €0.42 million. After accounting for a tax charge of €0.05 million, the company posted a net profit of €0.37 million compared to the net loss of €0.14 million recorded in the six months ended 31 October 2021.
The condensed Statement of Financial Position as at 31 October 2022, when compared to the corresponding figures as at 30 April 2022, shows that total assets increased by 3.4% to €12 million. Meanwhile, total liabilities increased by 2% to €0.81 million, reflecting a marginal increase in payables as the company remained debt free. Overall, total equity improved by 3.4% to €11.2 million, which translates into a net asset value per share of €1.535 (30 April 2022: €1.485 per share).