May 16 (SeeNews) - Bulgarian investment firm ImPulse I [BUL:IMP] said on Tuesday that it booked a net profit of 332,000 levs ($184,619/169,748 euro) from fair value changes of financial assets in the first quarter of 2023, according to preliminary data.
ImPulse I recorded a pretax profit of 307,000 levs in the period under review, ImPulse I said in a stock exchange filing.
As of end-March, the investor's assets amounted to some 6.70 million levs, including 6.58 million levs in financial assets and 117,000 levs in cash.
In comparison, ImPulse I recorded a net loss from fair value changes of 589,000 levs and a pretax loss of 609,000 levs in the first quarter of 2022, according to previously disclosed information. As of March 31, 2022, the company’s assets totalled 6.15 million levs.
The value of ImPulse I's investments in companies traded on the Bulgarian Stock Exchange totalled 1.36 million levs at the end of the first quarter of 2023.
At the end of March, ImPulse I’s positions in its ImVenture I and ImVenture II funds were valued at 311,000 levs and 4.91 million levs, respectively. ImVenture II invested in artificial intelligence solutions provider Transmetrics and hydrogen electrolyser systems manufacturer Green Innovation in January-March.
As of 1505 CET on Tuesday, shares in ImPulse I traded flat at 1.10 levs on the BEAM growth market of the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)