23rd Apr 2018 14:11
LONDON (Alliance News) - Intermediate Capital Group PLC said Monday it outperformed the FTSE All-Share index over the full year after the market played to its "core strengths."
For the year ended January, net asset value rose to 959 pence per share from 871p the year prior. Total return over the year stood at 12.5%, ahead of the 11.3% total return generated by the FTSE All-Share Index over the same period. Intermediate Capital's share price total return was 20.1% over the year.
Shares in Intermediate Capital were 0.4% higher at 1,080.00 pence on Monday.
During the year, Intermediate Capital realised GBP227 million from its investments. This was up from GBP86 million the year prior.
For the full year, Intermediate paid 21.0p per share in dividends up from 20.0p the year prior.
"This has been another very successful year with continued strong performance and excellent progress against strategic goals," Intermediate Capital Chairman Jeremy Tigue said.
"The current market dynamics play to the core strengths of our strategy and the team's expertise; a patient and highly selective approach and the ability to be flexible and ensure downside risks are limited," Tigue added.
"These strengths and our high-quality portfolio should serve us well, and I am confident the company will continue to deliver long term growth ahead of public markets."
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