Arundel AG
ARON
ISIN CH0002271010 / Valor 227101
Arundel AG
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About company
Arundel AG is a property investment company that was established in 1988 and listed its shares in Zurich in 2005. The company initially focused on property investments in Europe, particularly in Germany, before shifting its focus to India in 2013. Arundel has been involved in significant investments totaling over $8.5 billion in the USA, Europe, and India through regulated subsidiaries in the UK and USA. While the company continues to operate from offices in Zurich, London, and Dallas, its regulated activities in the United States are conducted through a partially owned subsidiary, Seafire Capital LLC. In 2016, Arundel acquired RP&C International Inc., an investment banking group based in London, further expanding its presence in the financial services sector.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (20.08.2024):
Revenue Decline
Arundel AG reported a revenue of $8,312,403 for the year ended December 31, 2023, which is a slight decrease from the $8,593,429 reported in the previous year. This decline in revenue reflects the challenges faced by the company in maintaining its sales levels.
Significant Operating Loss
For the year ended December 31, 2023, Arundel AG experienced a significant operating loss of $13,925,218, compared to an operating profit of $5,199,632 in the previous year. This substantial loss was primarily due to a fair value loss on investment property and development land amounting to $12,835,425.
Net Loss
Arundel AG reported a net loss of $16,483,231 for the year ended December 31, 2023, a considerable increase from the net loss of $3,254,042 in the previous year. The increased net loss is attributed to higher finance costs and significant impairments during the year.
Comprehensive Expense
The total comprehensive expense for Arundel AG for the year ended December 31, 2023, was $19,068,024, compared to $9,109,468 in the previous year. This increase in comprehensive expense includes a significant currency translation difference of $2,584,793.
Cash Flow from Operations
Arundel AG's net cash used by operating activities for the year ended December 31, 2023, was $2,818,908, compared to $1,045,076 in the previous year. The increased cash outflow from operations reflects the company's efforts to manage its working capital amidst challenging financial conditions.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3 M
Market cap (USD)
118,344
Daily traded volume (Shares)
0.081 / 0.05
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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