SVG 'well positioned' as it posts a rise a 41% rise in profits
'Positive progress': Lynn Fordham has said that SVG are confident for the year ahead
11 April 2012
British private equity and fund management group SVG Capital today said it was well-placed for the coming year as it posted a rise in 2010 profits.
SVG said net assets per share for the 12 months ending December 31 had risen by 41.7% from last year to 315.9 pence, helped by higher profits across its portfolio of assets.
SVG added that shareholders' funds had increased by 50.8% to 298.9 pence per share.
"Positive progress made by the underlying investee companies, together with a much stronger balance sheet means that the company is well positioned for the coming year," SVG Capital Chief Executive Lynn Fordham said in a statement.
