15th Aug 2014 11:07
LONDON (Alliance News) - British Smaller Companies VCT2 PLC Friday said its total return increased by 0.1 pence to 104.7 pence in the six months to the end of June.
"Significant progress has been made by many of the portfolio companies however, due to timing delays in the closure of new sales, provisions totalling GBP740,000 were made against two of our investments. These were offset by gains elsewhere across the portfolio and both investments continue to be held above cost," the trust's statement said.
By Samuel Agini; [email protected]; @samuelagini
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