The latest announcement is out from Fairfax India SV USF ( ($TSE:FIH.U) ).
Fairfax India Holdings Corporation reported a net loss of $41.2 million for the fiscal year 2024, in contrast to a net gain in 2023. The decrease in the company’s book value per share was primarily due to foreign currency translation losses. Despite the net loss, the company realized significant investment gains, particularly from the sales of NSE and CSB Bank shares, and maintained strong financial health with considerable cash reserves and an undrawn credit facility. The company also made strategic investments in Global Aluminium Private Limited and increased its equity interest in BIAL, reflecting its commitment to expanding its portfolio in India.
More about Fairfax India SV USF
Fairfax India Holdings Corporation operates in the investment industry, focusing primarily on investment opportunities in India. The company engages in acquiring and managing public and private equity securities and debt instruments in India, with a market focus on diverse industries including finance, infrastructure, and manufacturing.
Technical Sentiment Consensus Rating: Sell
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