Altvest Capital reports profit decline but plans for growth in alternative investments

JSE AltX-listed Altvest Capital said attributable profit fell to R47.94 million from R60.66m in the year to February 28, but the company is gearing up for a bigger implementation of its business and investment models in its new financial year.

- EDWARD WEST

Headline earnings fell to 4.70 cents per share from 6.21 cents per share. Revenue increased to R7.58m from R973,261. No dividend was declared or paid, directors of the black-owned and managed financial services company said in a statement on Monday.

Altvest Capital is a South African investment platform that focuses on expanding access to alternative investments. The company offers retail and institutional investors structured and regulated exposure to private market opportunities such as SME funding, venture capital, and other high-growth strategies. Altvest said it is developing a range of new investment structures that aim to meet the changing needs of investors and entrepreneurs. These include solutions designed to unlock value from previously under-utilised sectors and expand the scope of listed alternatives in South Africa.