NGE Capital Reports Strong NTA Growth

NGE Capital Ltd (AU:NGE) has released an update.

NGE Capital Ltd, an investment company with a focused and actively managed portfolio, reported an NTA per share after tax of $1.407 as of May 31, 2024, reflecting a solid year-to-date return of 14.2%. The company, which primarily invests in ASX and international equities, has a market capitalization of $40.5 million and has experienced a cumulative return of 159.7% since inception. Notably, NGE Capital has approximately $27 million in Australian unused and unrealised tax losses, indicating a potential future tax benefit for the company.

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