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IN BRIEF: Scotgems turns to interim profit; income, net asset value up

6th Aug 2021 08:18

Scotgems PLC - invests in small-cap companies in emerging markets - Net asset value per share is 93.9 pence per share at June 30, up 24% from 75.69p a year before. For the six-month period ended June 30, NAV rises 9.4%, whilst the company's benchmarks MSCI Emerging Markets Small Cap Index, the MSCI Emerging Markets ex Asia Index, and the MSCI Emerging Markets Index grow 14%, 10% and 5.4% respectively. Swings to pretax profit of GBP4.7 million in the first half from a GBP6.0 million loss the year prior, as investment income rises sharply to GBP1.1 million from GBP437,000 the year before.

Current stock price: 75.00p

Year-to-date change: up 3.5%

By Scarlett Butler; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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