Financial Report for the Second Quarter and First Six Months 2018 (VNV Global)

Summary

• Net asset value was USD 892.51 mln on June 30, 2018, corresponding to USD 10.55 per share.p.1
• NAV per share in USD increased by 1.4% over the first six months and decreased by 1.5% during the second quarter.p.1
• Vostok invested USD 4 mln in DOC+, a Russian digital health company, for a minority stake.p.1
• Avito's EBITDA came in at RUB 9,694 mln, a margin of 59% compared to 56% the previous year.p.2

Key insights

1. Earnings per share were USD 0.14 for the period against 0.10 a year earlier.p.1
2. Net result for the quarter was USD -14.07 mln against -8.69 a year earlier.p.1
3. The bonds are within a total framework of SEK 600 million.p.1
4. In the January to March quarter, Avito's revenues grew by 27% with an EBITDA margin at 64%.p.2
5. Prudential is a leading provider of medical insurance in Asia with over five million health customers and entered an exclusive partnership with Babylon.p.2