Announcements and Notifications

Sharecast – Origo Partners’ NAV jumps by a half in 2010Sharecast – Origo Partners’ NAV jumps by a half in 2010

Soruce : Benjamin Chiou 

Tue 03 May 2011

LONDON (SHARECAST) – Beijing-based private equity investment firm Origo Partners was able to grow its net asset value (NAV) by 49% in 2010, helped by strong economic growth in China and an increased weighting in the Mongolian market.

NAV surged to $196.6m during the 12 months ended 31 December 2010, up from $132m in 2009.

While China’s GDP surged by 10.3% during the period, the group said it had invested heavily in the metals and mining sector of Mongolia during the year, “a country which has the potential to become a significant supplier of raw materials to China over the coming years.”

As a result, the sector now represents around half of the total portfolio, up from 45% in 2009.

However, revenues slipped 24% to $2.8m, from $3.7m, due to the loss of consulting fees following the merger with Origo Resources Partners last year. Pre-tax profit decreased to $36.7m, from $39.5m previously.

“Origo goes into 2011 in a stronger position than at any point in our history. The Chinese economy continues to grow strongly, presenting significant opportunities for those able to successfully navigate the Chinese environment,” the group said.

Tue 03 May 2011

LONDON (SHARECAST) – Beijing-based private equity investment firm Origo Partners was able to grow its net asset value (NAV) by 49% in 2010, helped by strong economic growth in China and an increased weighting in the Mongolian market.

NAV surged to $196.6m during the 12 months ended 31 December 2010, up from $132m in 2009.

While China’s GDP surged by 10.3% during the period, the group said it had invested heavily in the metals and mining sector of Mongolia during the year, “a country which has the potential to become a significant supplier of raw materials to China over the coming years.”

As a result, the sector now represents around half of the total portfolio, up from 45% in 2009.

However, revenues slipped 24% to $2.8m, from $3.7m, due to the loss of consulting fees following the merger with Origo Resources Partners last year. Pre-tax profit decreased to $36.7m, from $39.5m previously.

“Origo goes into 2011 in a stronger position than at any point in our history. The Chinese economy continues to grow strongly, presenting significant opportunities for those able to successfully navigate the Chinese environment,” the group said.