APQ Global book value US$24.8mln at end June

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APQ Global Limited (LON:APQ) the emerging markets fund manager, said its book value at the end of June was US$24.8m from US$72.9mln six-months earlier.

In per-share terms, the book value at the end of June was 31.7c from 93.19c at end December. Losses per share for the period were $0.59821 ($0.01348).

In March, APQ largely liquidated its portfolio after a tough first quarter and has since focused on cash conservation.

The dividend has been suspended, management bonuses cut and significant cost reductions made across the business.

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