Livermore Investments FY Pretax Losses $62.99M Vs $64.66M

9th Jun 2010 08:05

LONDON (Dow Jones)--Livermore Investments Group Ltd. (LIV.LN), an investment company, said Wednesday that for the year ended Dec. 31 pretax losses stood at $62.99 million versus a previous loss of $64.66 million last year. MAIN FACTS: -Net asset value per share $0.44. -Cash and cash equivalents and marketable securities at Dec. 31 2009--$49.4 million. -Revenues from operations - $7.6 million -Loss before Interest, Tax, Depreciation, and Amortization--$58.7 million mainly attributed to unrealized loss of $26.9 million on holdings in associated company (Atlas Estates Ltd.), impairment of $17.5 million related to DTH Boom and $5 million related to CALS. -Net loss after tax--$61.1 million. -Basic and diluted loss per share $0.21 versus $0.22 last year. -Realized and unrealized gains of $15 million from portfolio of financial assets--a 40% return on the net average invested amount. -Successfully completed the construction of the residential units in Wyler Park, Bern, of which 95% are already let. -Total administrative expenses excluding provisions for legal and other matters were $4.7 million, representing 3.0% of the average NAV. -At 0702 shares flat at 15.75 pence. -By Elliott Ball, Dow Jones Newswires; 44-20-7842-9314; [email protected] (END) Dow Jones Newswires June 09, 2010 03:05 ET (07:05 GMT)