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Syncona NAV rises 16.7% in first half

By BFN News | 07:49 AM | Wednesday 22 November, 2017


Syncona said its net asset value per share increased by 16.7% in the first half, as it boosted returns in its life sciences portfolio. The company said it now has assets of £1.03b, up from £895.2m in the previous correspond period. "Within our life science portfolio a number of significant financial and operational milestones were achieved, resulting in excellent value progression and a return of 50.6% in the six months," the investment company said. "These returns have been complemented by a 4.1% gain on our funds portfolio, which continues its focus on generating attractive risk-adjusted returns as it transitions to more liquid and less volatile funds and provides a strong capital base for the life science portfolio." Story provided by StockMarketWire.com

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