Alda Credit Fund Financial Overview
Alda Credit Fund slhf. issued its bond ACF 15 1, which began trading on NASDAQ OMX Iceland hf. in 2016. This report provides an insight into the financial results for the half-year ending June 30, 2024.
Key Financial Metrics
The company's net profit for the period reached 103.7 million kr. according to the income statement. This demonstrates a solid financial performance despite the challenges faced in the market.
Furthermore, total assets amounted to 9,711 million kr., illustrating a strong balance sheet position. The equity stood at 2,387 million kr., reflecting the company's robust financial health.
Audit and Compliance
The half-year financial statement was audited by Deloitte ehf. Their review indicated that there were no discrepancies and affirmed that the financial report accurately represents the company's performance during the period. It complies with international accounting standards, as confirmed by the European Union, and conforms to additional requirements established in the annual accounts law.
Insights from Management
Management expressed confidence in the risk management strategies in place, which have allowed the company to navigate volatile market conditions effectively. Continued diligence in asset management is seen as a key factor in sustaining profitable operations.
Operational Updates
Operationally, the fund remains consistent in its adherence to investment strategies that prioritize risk-adjusted returns. The proactive management team is continuously assessing market conditions to optimize portfolio performance.
Future Projections
Looking ahead, Alda Credit Fund slhf. anticipates maintaining its competitive edge through innovation in financial products and services. The focus remains on maximizing shareholder value while ensuring compliance with regulatory standards.
Contact for More Information
For any inquiries, the staff of Kviku Asset Management hf. is available at telephone number 522-0010 to provide further information and assistance regarding the fund's performance and strategies.
Frequently Asked Questions
What is the net profit reported by Alda Credit Fund?
The net profit reported by Alda Credit Fund for the half-year ending June 30, 2024, is 103.7 million kr.
Which bond is associated with Alda Credit Fund?
The bond associated with Alda Credit Fund is ACF 15 1, which began trading in 2016.
Who conducted the audit for the financial report?
The audit for the financial report was conducted by Deloitte ehf.
What were the total assets of Alda Credit Fund?
The total assets of Alda Credit Fund amounted to 9,711 million kr. as of June 30, 2024.
How can I contact Alda Credit Fund for more information?
For more information, you can contact Kviku Asset Management hf. at telephone number 522-0010.
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