IN BRIEF: TOC Property increases payout despite profit drop in 2021
30th Mar 2022 12:52
TOC Property Backed Lending Trust PLC - Chelmsford, England-based lending trust - Pretax profit for the year ending November 30 falls 14% to GBP930,000 from GBP1.1 million. Net asset value per share at November 30 drops to 83.88 pence from 83.93p year-on-year. NAV return stands at 4.8%, up from 3.9% in 2020. Revenue falls 30% to GBP1.6 million from GBP2.3 million the previous year. Net income drops 10% year-on-year to GBP1.7 million from GBP1.9 million. Net income figure includes gain and losses on investments. Ups payout to 4p in 2021, from 3p in 2020. Company says it is in a "strong" position to maximise the opportunities that lie ahead. Read More