Your Directors present their report on Hunter Hall Global Value Limited ("The Company" or "HHV") for the half-year ended 31 December 2016.
Operating results
The Company announced an after tax operating loss of $18.4 million for the 6 months to 31 December 2016 (2015: profit of $4.9m). The portfolio had realised gains of $28.4 million and an unrealised loss on investments in the portfolio of $53.8 million. The corporate expenses were down 29.7% on the previous half year. When non-recurring items are excluded, expenses were down 6.5% on the adjusted prior period. Tax paid in the period amounted to $7.4 million and there is a current tax liability that will be paid in the second half of the year.
To view Report please download PDF attached:
Download this document
