Pacific Alliance China Land Ltd Announces audited Consolidated Earnings Results for the Year Ended December 31, 2017
Pacific Alliance China Land Ltd. announced audited consolidated earnings results for the year ended December 31, 2017. For the period, the company reported interest income of $1,960,007 compared to $859,366 last year. Total income was $1,960,007 compared to $3,707,897 last year. Net investment loss was $3,235,940 compared to $1,909,524 a year ago. Net realized and unrealized gain from investments, derivatives and foreign currency was $3,768,588 compared to $39,856,342 a year ago. Net increase in net assets from operations was $532,648 compared to $37,946,818 a year ago. Net cash generated from operating activities was $23,905,846 compared to $204,319,826 last year. Net asset value per share as at December 31, 2017 was $2.8816 compared to $2.8694 last year.