Stockholm, 2014-05-14 08:00 CEST (GLOBE NEWSWIRE) --
- Net result for the period was USD –67.02 million (mln) (January 1, 2013–March 31, 2013: 23.79). Earnings per share were USD –0.75 (0.27).
- The net asset value of the company was USD 515.79 mln on March 31, 2014 (December 31, 2013: 633.97), corresponding to USD 6.20 per share (December 31, 2013: 7.05). Given a SEK/USD exchange rate of 6.5068 the values were SEK 3,356.12 mln (December 31, 2013: 4,126.10 mln) and SEK 40.32 (December 31, 2013: 45.89), respectively.
- The group’s net asset value per share in USD decreased by 12.13 % over the period January 1, 2014–March 31, 2014. During the same period the RTS index decreased by 15.02 % in USD terms.
- The number of outstanding shares at the end of the period was 83,244,280. During the first quarter 2014, Vostok Nafta repurchased 6,658,740 SDRs (shares). After the period, Vostok Nafta has repurchased an additional 8,403,491 SDRs for a grand total of 15,062,231 repurchased SDRs this year. As of the date of this report, all 15,062,231 repurchased SDRs and the underlying shares have been cancelled, and the total number of outstanding SDRs and underlying shares is 74,840,789.
- The reported net asset value per share of Vostok Nafta as of April 30, 2014 was USD 5.80 (SEK 38.11 ).
The company will host a telephone conference with an interactive presentation on Wednesday, May 14, 2014 at 13:30 Central European Time (CET). For call-in details, see separate press release issued Thursday, May 8, 2014 at www.vostoknafta.com .