Pacific Assets (LON:PAC) Posts Quarterly Earnings Results

Pacific Assets (LON:PAC) issued its quarterly earnings results on Friday. The investment trust reported GBX 5.60 earnings per share for the quarter, Digital Look Earnings reports. The company had revenue of GBX 991 million during the quarter. Pacific Assets had a net margin of 124.18% and a negative return on equity of 5.17%.

Pacific Assets Trading Up 0.8%

Shares of PAC opened at GBX 395 on Friday. The stock has a market capitalization of £451.34 million, a price-to-earnings ratio of -18.72 and a beta of 0.65. Pacific Assets has a 12 month low of GBX 273 and a 12 month high of GBX 403. The firm has a fifty day simple moving average of GBX 380.41 and a 200 day simple moving average of GBX 373.84.

About Pacific Assets

Pacific Assets Trust plc is a closed ended equity mutual fund launched by Frostrow Capital LLP. It is managed by First State Investment Management (UK) Limited. The fund invests in public equity markets of the Asia-Pacific region, excluding Japan, Australia, and New Zealand. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies, with an emphasis on companies which are well positioned to benefit from and contribute to sustainable development of the countries in which they operate.