00:00National Enterprises Ltd. NEL stated in a release that the nine-month result marks a turnaround from the prior period.
00:09It noted that the increase was driven primarily by a positive fair value movement of $199 million across the strategic
00:20portfolio,
00:20compared with a fair value loss of $238 million in the same period the year before, a year-on-year
00:29swing of approximately $437 million.
00:33Operating profit was steady at $56 million.
00:36Dividend income grew 14% to $55.6 million.
00:41Total assets rose 12% to $2.8 billion, and earnings per share improved from a loss of $0.31
00:49to a gain of $0.42.
00:52The investors' meeting brought together institutional investors, brokers, asset managers, and representatives from the Ministry of Finance Investment Division.
01:02I think what we've seen is that an increase in the fair value of our underlying assets,
01:08which are the companies that do they produce the value for us.
01:13That meant that they were able to take advantage of favorable market conditions,
01:18as well as the wool that they had put in before in terms of, like, tight production, increasing productivity.
01:24So, you know, it's one of those things that we expect that our assets will be able to take advantage
01:30of when favorable conditions arise.
01:33Maynard confirmed that NEL's next three-year strategic plan is in the final stages of preparation for the new financial
01:42year,
01:42with a focus of identifying assets that combine dividend income with growth potential.
01:48The most recent addition to NEL's strategic portfolio was its 10% stake in the power generation company of Trinidad
01:56and Tobago,
01:56taken in 2014.
02:24We look to see how we can.
02:28manage those events into additional positions of strength.
02:34So we like being stable.
02:36We love the stability.
02:37We want that stability to be a platform for growth.
02:41Manager of Investments and Accounts, Vinita Ramlal, confirmed NEL's dividend policy,
02:46a 90% payout of dividend income received on an annual basis, subject to board approval.
02:53Dividends paid and payable for the financial year to date total $132 million.
02:59Cash and cash equivalent stood at $244 million at June 30, 2026.
03:07NEL's share price on the stock exchange moved from a low of $1.72 in December 2025 to $4.56
03:16in September 2026,
03:18an appreciation of approximately 165% over the period.
03:24Feshana Pagu, TV6 News.
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