Africa Opportunity NAV $0.74 At Dec 31

11th Jun 2010 07:35

LONDON (Dow Jones)--Africa Opportunity Fund Limited (AOF.LN) said Friday that at Dec. 31, 2009, being the company's fiscal year-end, the net asset value was $0.74 per share compared with $0.52 per share in January. MAIN FACTS: -Including dividends, the total NAV return was a gain of 48%. -Income $11.3 million (2008: $7.9 million) -Net profit $10.2 million (2008: loss $50.0 million) -EPS $0.2351 (2008: loss $0.4056) -The equity portfolio added 11 of the 48 percentage points of the NAV return. -Excited about the attractive opportunities available to the company Friday and optimistic about AOF's prospects. -Shares closed Thursday at 45.91 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 11, 2010 02:35 ET (06:35 GMT)