Norwegian-based HitecVision has published their half year results for 2010, which shows a dip in revenues and net income .
The total committed capital in funds advised by fund manager has risen from NOK 7.8 billion to NOK 9.3 billion, after the successful closing of their new fund HitecVision Asset Solutions earlier this year.
Revenues for the first six months of 2010 were NOK 54.5 million, compared to NOK 123.5 million for the corresponding period in 2009, whilst net income after tax and minority interests fell from NOK 60.8 million to NOK 9.5 million.
The reduction in revenues and net income is due to the fact that the company received significant investment income in the first half of 2009, while it has not received any investment income in the corresponding period of 2010.
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