Pacific Assets (LON:PAC) Announces Earnings Results

Key Points

• Pacific Assets reported quarterly earnings of GBX 4 EPS, with a return on equity of 8.79% and a net margin of 70.84%.
• The company's market capitalization stands at £417.09 million, with a price-to-earnings ratio of 954.18.
• Pacific Assets Trust plc primarily invests in public equity markets of the Asia-Pacific region, excluding Japan, Australia, and New Zealand.

Pacific Assets (LON:PAC - ) released its quarterly earnings results on Thursday. The investment trust reported GBX 4 EPS for the quarter, Digital Look Earnings reports. Pacific Assets had a return on equity of 8.79% and a net margin of 70.84%.

Pacific Assets Price Performance

PAC opened at GBX 354 on Thursday. The business has a 50 day simple moving average of GBX 354.20 and a two-hundred day simple moving average of GBX 343.50. The firm has a market capitalization of £417.09 million, a price-to-earnings ratio of 954.18 and a beta of 0.38. Pacific Assets has a one year low of GBX 287 and a one year high of GBX 390.

About Pacific Assets

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.

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