CriteriaCaixa closed the first half of the year with a net profit of 1,044 million euros, 40% more than in the same period of the previous year, due to the improvement in the results of its two main investees, CaixaBank y Naturereported in a statement on Monday.
The gross asset value (GAV) of CriteriaCaixa amounted to 26,425 million in the first half, 7.5% more than at the end of 2022, and the net value (NAV) was 22,084 million, 12.3% more .
The entity distributed a dividend of 210 million euros to the La Caixa Foundation, its sole shareholder, according to Europa Press. CriteriaCaixa attributes the improvement in GAV to the “good performance” of the prices of its variable income portfolio, which represents 84% of assets.
Regarding the improvement of the NAV, it is a consequence of the behavior of the prices of Nature (+12,1%), Inbursa Financial Group (+23,8%), CaixaBank (+3,1%) y Cellnex (+19,6%).
CriteriaCaixa has highlighted “the strength of the operating cash flow”, which was 724 million, due to the increase in dividends received: 558 million CaixaBank129 of Nature20 of Telefónica10 of Bank of East Asia and 74 from the diversification portfolio.