Asian Energy Impact (AEIT), the former ThomasLloyd Energy Impact trust, has published its overdue audited results for 2022 and interims for the first half of 2023, as the board continues its strategic review.
In a stock exchange notice on Monday (22 January), the trust said its net asset value at December 2022 stood at 49.3 cents ($), while the 30 June 2023 NAV was 51.2 cents. Since IPO, the NAV per share has dropped 52.2%, from 98 cents to 46.8 cents. The decline reflects a substantial write down in portfolio valuation, primarily associated with the RUMS solar park construction project in India, as well as updated generation and revenue forecasts, revised operating cost and tax assumptions, and higher discount rates. AEIT's shares have been suspended since 25 April due to uncertainty ove...
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