9th Jun 2022 09:50
(Alliance News) - Personal Assets PLC on Thursday said its net asset value performance topped that of the FTSE All-Share index.
In its financial year that ended April 30, net asset value per share rose by 5.8%, compared to its benchmark, which grew 5.1%.
The Edinburgh-based FTSE 250-listed investment trust declared a special dividend of GBP1.40 per share. This will be on top of a GBP1.40 first interim dividend declared for the new financial year, which is the same interim dividend that it paid last year.
Personal Assets's total income during the time however fell to GBP119.9 million from GBP140.4 million a year ago. Annual pretax profit shrank to GBP108.6 million from GBP130.7 million.
"Supply constraints resulting from the pandemic have been more persistent than many expected. The recent tragic events in Ukraine present a further unwelcome geopolitical shock and extend the current inflationary backdrop, aggravating supply shortages for energy and food, in particular. There is a political acceptance that more resilient supply chains are needed, and re-shoring may be part of the solution," the company's Investment Manager Sebastian Lyon explained.
Personal Assets Trust shares were 0.3% higher at 49,000.00 pence each in London on Thursday morning.
By Tom Budszus; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.
Related Shares:
Personal Assets Trust