CVC Limited ( (AU:CVC) ) has provided an update.
CVC Limited reported a significant net loss of $1.6 million for the first half of FY2025, compared to a minor loss of $0.1 million in the previous year. The company’s net tangible assets per share decreased slightly from $1.50 to $1.47. The loss was primarily due to asset impairments in smaller investment positions affected by poor market conditions, particularly in private property developments. Despite these financial challenges, CVC’s major assets continue to perform well, and the company remains optimistic about its strong market position and asset value, which is not fully reflected in the current financial statements. Additionally, CVC has entered a significant development project in Norwell Valley, Queensland, which is expected to be one of Australia’s largest development opportunities, potentially delivering over 30,000 homes and extensive industrial and commercial land.
More about CVC Limited
YTD Price Performance: -14.35%
Average Trading Volume: 9,070
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$229.8M
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