Business and Financial Review • Oct 7, 2019
Business and Financial Review
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Treasure ASA: Market update - 3.quarter 2019
• The share price of Hyundai Glovis moved from 161.000 KRW to 156.000 KRW and the USDKRW from 1155 to 1196 during the quarter.
• Hyundai Glovis reported their financial results for the second quarter 2019 towards the end of July, which were well-received by the stock market, and showed a healthy underlying development and financial performance.
• Treasure ASA continues to closely monitor and analyze relevant news flow related to a potential restructuring of the Hyundai Group, and will inform the market accordingly on material impact on the company.
• Hyundai Glovis is expected to release the Earnings Report for the third quarter 29 October 2019.
• Treasure ASA did not change its ownership during the quarter and the market value of the shareholding was 588 mUSD at the end of September.
For further information please contact:
Morten Lertrø, CFO Treasure ASA, + 47 90419994 or [email protected]
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