GREY:MOTNF - Post by User
Post by
lscfaon May 03, 2022 11:02am
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Post# 34651078
Progressus investment appreciation
Progressus investment appreciation
https://www.globenewswire.com/news-release/2022/05/03/2434363/0/en/Aberdeen-International-Inc-TSX-AAB-FR-A8H-OTC-AABVF-Reports-2021-Q4-Results.html
The Company’s investment portfolio gains for the year-to-date were generated by significant contributions from clean energy investments in novel hydrogen and ammonia production technologies, Progressus Clean Technologies and AmmPower Corp., with the former seeing an $11 million increase in fair market value due to the acquisition of a significant non-controlling stake by a strategic investor. The Company was able to successfully realize significant gains on the divestiture of select non-core positions, despite market volatility impacting the Company’s quarter-over-quarter book value.