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Johannesburg - Investment firm Reinet Investments SCA posted a first-half profit of €406m on Tuesday and said net asset value rose 22% to €2.25bn.
The company, which is controlled by South African tycoon Johann Rupert and has its main listing in Luxembourg, said its net asset value per ordinary share at end-September stood at €11.51.
Basic and diluted earnings per share fell to €2.08 from €2.39 a year ago.
Reinet was created in 2008 when luxury group Richemont was restructured and spun off most of its stake in BAT, the world's No 2 cigarette group.
It still holds a 4.2% stake in BAT.
Reinet's depositary receipts are listed in Johannesburg.
- Reuters