(Alliance News) - The board of directors of 4AIM Sicaf on Tuesday approved the draft financial statements for the year ended Dec. 31, 2022, in which it made a net loss of EUR4.7 million, while a year ago it made a profit of nearly EUR4.0 million.

The company reported an improvement in the fourth quarter of EUR1.3 million, due, on the one hand, to profits from sales of about EUR1.1 million on Finlogic's takeover shares and, on the other hand, to the improvement, albeit slight, in the EGM market.

The unit share value (NAV) of Sub-fund 1 is EUR394.8 from EUR490.2 as of December 31, 2021.

Those of Sub-fund 2, on the other hand, are EUR468.5 from EUR446.1 as of December 31, 2021.

"The performance of the financial markets in 2022 was negatively affected by a number of geopolitical and macro and microeconomic variables; the FTSE Italia Growth index recorded a negative performance of about 20 percent, negatively impacting the results for the year," said Giovanni Natali, CEO of 4AIM SICAF the first months of 2023, however, seem to confirm an oultook on the EGM market marked by cautious optimism.

"We are very pleased with the continuation of advisory activities and the first listing of an investee company from Portfolio 2," Giovanni Natali continues, "it should be noted that the NAV per share of both Portfolio 1 and Portfolio 2 are significantly at a premium to current stock market prices.

4AIM Sicaf closed Tuesday's session unchanged at EUR197.60 per share.

By Maurizio Carta, Alliance News reporter

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