Vertex back in the black with FY2021 profit

Singapore

VERTEX Venture Holdings (Vertex Holdings) posted a net profit of US$530.9 million for the financial year ending Dec 31 last year, reversing a net loss of US$40.4 million the year before.

The net profit for FY2021 comes on the back of a 69.5 per cent increase in its total fair value of investments to US$2 billion from US$1.2 billion, said the venture capital firm in a bourse filing on Monday (Apr 4). It includes unrealised gains totalling US$962.7 million,