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24 Aug 2018 | 09:38

BH Global delivers strongest half-yearly net asset value growth since 2009

BH Global said Friday it delivered 'good' first-half progress as it improved net asset value per share and the discount at which the shares trade.

For the six months to 30 June, NAV per share of the smaller US dollar class appreciated by 5.85% and the larger sterling class by 5.53%. In both cases these were the strongest half-year figures since 2009, the company said.

The discount rate stood at 5.43% at 30 June, down from 6.44% at the December end.

The level of net asset value per share growth and the discount at which the shares trade were two metrics that had been under scrutiny in recent years. 'In the first half of 2018, the global economy continued to advance at an above-trend pace. However, there has been considerably more dispersion compared with last year among both advanced and emerging market economies, the company said.

At 9:38am: (LON:BHGG) BH Global Limited GBP share price was +5p at 1480p

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