Corporacion Financiera Alba (ES:ALB) has released an update.
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Corporacion Financiera Alba reported a consolidated net result of €92M for the first half of 2024, a decline from the previous year’s €147M, attributed to lower holding results, a decrease in fair value of investments, and impairments, despite higher dividend income. The company’s NAV fell by 3.8% to €5.578B, while the share price appreciated by 6.3%. Alba’s investment activities included an additional stake in Inmobiliaria Colonial and Technoprobe, totaling €46M, leading to a net debt position of €30M.
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