Aurora Russia has published results covering the year to the end of March 2015. The net asset value fell from 27.9p to 17.5p over the period. A large chunk of the decline relates to the fall in the Rouble Sterling exchange rate and a fall in the value of the company’s stake in Unistream from £8m to £5.3m as they explore options for selling their stake in this business. They disposed of Kreditmart finance and Superstroy during the year and returned the proceeds to shareholders. Cash was c£2.1m at 10 April 2015. Running costs are budgeted to be c£380,000 per year.
AURR : Aurora Russia NAV falls as it explores Unistream disposal