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- Whole income of $4.0 million, together with web acquire on investments of $3.9 million
- Web revenue for the three months ended April 30, 2021 was $3.3 million or $0.02 per primary share
- As at April 30, 2021, Aberdeen’s shareholders’ fairness and web asset worth (NAV) have been $41.0 million, or $0.30 per share. On a quarter-over-year foundation, Aberdeen’s shareholders’ fairness has elevated by $8.6 million, representing an approximate 26% enhance. Given the character of Aberdeen’s operations, there may be at present no distinction between “shareholder fairness” and “web asset worth” for Aberdeen
- Investments in clear vitality and zero-carbon applied sciences positioning Aberdeen to ship continued worth as world decarbonization measures collect momentum
TORONTO, June 14, 2021 (GLOBE NEWSWIRE) — Aberdeen Worldwide Inc. (“Aberdeen” or the “Firm”) (TSX: AAB F: A8H, OTC: AABVF) is happy to announce that it has launched its monetary outcomes for the primary quarter ended April 30, 2021.
For the three months ended April 30, 2021, Aberdeen reported web revenue of $3.3 million or $0.02 per primary share on complete income of $4.0 million. Income was comprised of $3.9 million from web funding positive aspects and $0.1 million from curiosity revenue. For the three months ending April 30, 2020, Aberdeen reported web revenue of $1.6 million or $0.02 per primary share on complete income of $1.8 million ($1.7 million from web funding positive aspects and $0.1 million from curiosity revenue and advisory charges).
The Firm’s funding portfolio incurred a web funding acquire of $3.9 million on the again of Flora Development Corp’s profitable Nasdaq IPO. Moreover, the Firm’s latest funding in AMMPower Corp. – a inexperienced ammonia know-how firm – coupled with Brazil Potash’s profitable closing of a brand new spherical of financing at US$4.00 per widespread share, contributed to the constructive development of the Firm’s funding portfolio.
“We’re happy to ship one other quarter of earnings development, constructing on the energy of final 12 months’s outcomes. The quarter is reflective of the standard of our portfolio and the onerous work that our investees’ administration groups have put into driving worth for shareholders. We’re excited in regards to the rising momentum in clear vitality and proceed to place the portfolio to capitalize on thrilling alternatives within the house.”, mentioned Chris Youthful, CEO of Aberdeen Worldwide.
The Firm continues to transition its funding technique to a bigger concentrate on clear vitality, with explicit curiosity within the hydrogen sector. The latest funding in AES-100 Inc. underscores the Firm’s perception that hydrogen is on the verge of a breakthrough, pushed by ever larger stress on vitality, industrial and transportation sector decarbonization and hydrogen’s viability as a mass-market low-carbon gasoline. Hydrogen’s excessive vitality to mass ratio makes it notably appropriate for heavy-duty, long-distance highway freight, maritime and aviation purposes.
ABOUT ABERDEEN INTERNATIONAL INC.
Aberdeen Worldwide is a worldwide useful resource funding firm and service provider financial institution centered on small capitalization firms within the uncommon metals and renewable vitality sectors. AES-100 Inc., an Aberdeen portfolio funding, owns the unique rights and all mental property pertaining to the Superior Electrolyzer System (AES-100) for the manufacturing of hydrogen from dilute syngas.
For added data, please go to our web site at www.aberdeen.green
For additional data, please contact:
Chris Youthful
Chief Govt Officer
Aberdeen Worldwide Inc.
Chris.Youthful@ABERDEENINTERNATIONAL.CA
(416) 861-1685
This press launch incorporates “forward-looking data” inside the that means of relevant Canadian securities laws. Ahead-looking data consists of, with out limitation, statements concerning the funding portfolio of the Firm; the renewable energies sector and the Firm’s future plans. Ahead-looking data is topic to recognized and unknown dangers, uncertainties and different components which will trigger the precise outcomes, degree of exercise, efficiency or achievements of the Firm to be materially completely different from these expressed or implied by such forward-looking data, together with dangers inherent within the mining trade and dangers described within the public disclosure of the Firm which is offered below the profile of the Firm on SEDAR at www.sedar.com and on the Firm’s web site at www.aberdeen.inexperienced/. Though the Firm has tried to establish necessary components that might trigger precise outcomes to vary materially from these contained in forward-looking data, there could also be different components that trigger outcomes to not be as anticipated, estimated or supposed. There may be no assurance that such data will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking data. The Firm doesn’t undertake to replace any forward-looking data, besides in accordance with relevant securities legal guidelines.
