Atlas Mara reported financial results for period ended 31 December 2014

Atlas Mara Limited, African financial services institution, incorporated in the British Virgin Islands, announced its unaudited financial results for the thirteen months period ended 31 December 2014. During this period, the company raised US$625 million in equity capital by way of the company’s IPO and private placement. By making four acquisitions, the BVI company established its presence in seven sub-Saharan African countries, and some of Africa’s leading economic trade blocs.

Also, during this year Atlas Mara Limited received more than US$125 million of development finance institution funding to facilitate asset growth at operating subsidiaries and reduce cost of funding.

The BVI company reported a US$63.1 million loss, based on unaudited results. The adjusted pro forma net profit made US$7.2 million, excluding non-recurring transaction and integration expenses and including acquisitions. As at the end of the year, book value per share was US$9.73, tangible book value per share was US$7.54.

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