Pacific Assets (LON:PAC) Posts Quarterly Earnings Results

Pacific Assets (LON:PAC) released its earnings results on Friday. The investment trust reported GBX 5.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Pacific Assets had a net margin of 124.18% and a negative return on equity of 5.17%. The firm had revenue of GBX 991 million during the quarter.

Pacific Assets Stock Up 0.8%

Shares of PAC stock traded up GBX 3 during trading hours on Friday, hitting GBX 395. 230,877 shares of the company’s stock traded hands, compared to its average volume of 303,326. The stock’s fifty day simple moving average is GBX 380.41 and its two-hundred day simple moving average is GBX 373.84. Pacific Assets has a 12-month low of GBX 273 and a 12-month high of GBX 403. The stock has a market cap of £451.34 million, a price-to-earnings ratio of -18.72 and a beta of 0.65.

Pacific Assets Company Profile

Pacific Assets Trust plc is a closed ended equity mutual fund launched by Frostrow Capital LLP. It is managed by First State Investment Management (UK) Limited. The fund invests in public equity markets of the Asia-Pacific region, excluding Japan, Australia, and New Zealand. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies, with an emphasis on companies which are well positioned to benefit from and contribute to sustainable development of the countries in which they operate.