EIC Electricity SA: 3rd Quarter Report
In the third quarter EIC’s Net Asset Value per share (“NAV”) remained practically unchanged at CHF 15.82 per share (end of the second quarter: CHF 15.72 per share).
This mainly reflects the fact that the value of the US Dollar against the Swiss Franc remained relatively stable during the reporting period. This is relevant since approximately 90% of the company’s assets are invested in US Dollar terms (Termobahia and cash). Following the divestiture of Ensys AG and the liquidation of SEFL in early 2005 the active portfolio of EIC Electricity SA consists of Termobahia SA only. During the reporting period, the Board - together with the Investment Manager - has continued to analyze several investment opportunities. Please refer to the PDF document below in order to view the full second quarter 2005 report for EIC Electricity SA.