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Blue Sky Alternative Investments Provides H1 FY 2019 Results Update

12 Feb 2019  |  09:40:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Blue Sky H1 FY19 Results Update

Blue Sky Alternative Investments announced an update on its expected underlying earnings before tax, cash position, net tangible assets (NTA), and Fee Earning Assets Under Management (FEAUM) for the first half of the 2019 financial year to 31 December 2018. The Company anticipates an underlying H1 FY 2019 loss before tax of between $28m to $32m, subject to final review by the Company's auditors and Board approval. This result includes $7m of valuation adjustments to carrying values of the Company balance sheet investments in funds, including in student accommodation. The Company's cash position at 31 December 2018 was $54.8m on an unaudited basis.

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