Astoria Investments expects NAV per share decrease

Astoria Investments Limited (JSE: ARA) has announced that its net asset value (NAV) per share is expected to decrease by 20% to 25% for the year ended December 31, 2024. The company estimates the NAV per share will be between 59.60 and 63.58 US cents (1,125.56 and 1,200.60 ZAR cents), a notable drop from the 79.47 US cents (1,454.38 ZAR cents) reported at the end of December 2023. The company is in the process of finalizing its financial results for 2024, with the audited results expected to be released on or around March 24, 2025. The board of directors considers the NAV per share to be the best indicator of the company's financial performance. Astoria has primary listings on the Stock Exchange of Mauritius and the Alternative Exchange of the JSE. Questco Corporate Advisory Proprietary Limited serves as the JSE Designated Advisor, and Clermont Consultants (MU) Limited is the Company Secretary.