19th Apr 2016 15:11
LONDON (Alliance News) - BlackRock Greater Europe Investment Trust PLC Tuesday said it outperformed its benchmark index in the first half of its current financial year despite a turbulent period for equity markets dominated by concerns over global economic growth.
The trust said its undiluted net asset value in the six months to the end of February increased by 2.1%, which can be compared to its benchmark, the FTSE World Europe ex UK Index, which decreased 0.8% in the same period.
The trust's diluted net asset value per share at the end of February rose to 251.91 pence from 253.82 pence whilst the undiluted NAV per share decreased to 252.69 pence from 253.82 pence.
BlackRock's revenue earnings per share amounted to 0.86 pence compared to 0.64 pence a year earlier.
BlackRock said its interim dividend will be 1.65 pence, flat from a year ago.
Since the end of the period, the trust's undiluted net asset value has risen by 5.3% compared to the benchmark index which increased 6.6%.
BlackRock shares were trading down 0.2% to 250.01 pence per share on Tuesday afternoon.
By Joshua Warner; [email protected]; @JoshAlliance
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