Dolphin Capital Investors NAV 190 Pence At Mar 31 >DCI.LN

8th Jun 2010 09:42

LONDON (Dow Jones)--Dolphin Capital Investors Ltd (DCI.LN), a global investor in the residential resort sector in emerging markets said Tuesday its net asset value, or NAV, as at Mar. 31 before deferred income tax liabilities was 190 pence, this represents a decrease of 1% versus 193 pence as at Dec. 31 2009. MAIN FACTS: -Has executed EUR18.8 million of sales since the last trading report. -This figure is made up of EUR11.1 million from the sale of 51 homes and plots by Aristo between Mar. and May, an increase of 230% compared to the same period last year. -Total NAV of EUR1.338 billion and EUR1.214 billion before and after deferred income tax liabilities respectively, representing a small decrease of EUR5 million (0.4%) and EUR1.5 million (0.1%) respectively from Dec. 31 2009. - Good progress made at the Aman at Porto Heli, with works progressing on schedule following the appointment of the main turn-key contractor. -A Hotel Management Agreement was signed on June 7 with Nikki Beach to operate the Beach Hotel at PHC, a luxury lifestyle hotel and beach club intended for a younger clientele, which will comprise a mix of hotel suites and apartments. -Gross Assets of EUR1.855 billion. -Group cash balance of c. EUR47 million as at 31 May 2010 (31 December 2009: EUR60 million). -At 0839 GMT shares up 0.25 pence, or 0.6%, at 39.75 pence. -By Elliott Ball, Dow Jones Newswires; 44-20-7842-9314; [email protected] (END) Dow Jones Newswires June 08, 2010 04:42 ET (08:42 GMT)