UK's HydrogenOne rises as Q2 net asset value grows

Hydrogen Capital Growth

07/08/2023 10:34

** Shares in British investment fund HydrogenOne Capital
 HGEN.L  up 7.9% at 53.86p
    ** Co's net asset value per share rises 4% y-o-y to 100.70
pence in 3 months to June; up 0.7% sequentially 
    ** Increased valuations in private assets drives Q2 growth
and more than offset declines from higher discount rates and in
listed hydrogen assets, co says 
    ** Revenue growth from portfolio companies up 170% at 52 mln
pounds in the 12 month period to June 30
    ** Stock down 32% YTD

 (Reporting by Eva Mathews in Bengaluru)
 ((Eva.mathews@thomsonreuters.com))