29th Jun 2018 13:56
LONDON (Alliance News) - Puma VCT 9 and Puma VCT 10 said Friday that their annual profit declined.
For the 12 months to the end of February, Puma VCT 9 posted pretax profit of GBP143,000 compared to GBP169,000 in the same period a year ago.
For the same period, Puma VCT 10 profit was GBP119,000, compared to GBP209,000 in the previous financial year.
Puma VCT 9 net asset value per share dropped to 74.59p from 80.08p year-on-year.
Puma VCT 10 net asset value per share at February 28 was 79.54p, down from 85.10p the year before.
Both companies paid a dividend of 6p per share.
Puma VCT 9 said it will propose to enter solvent liquidation as it has just passed its fifth anniversary.
"The intention is to return the balance of the capital in an orderly way, with disposals timed appropriately to enable further substantial distributions by the end of 2018," the company said.
Puma VCT 9 shares were untraded at 70.00p, while Puma VCT 10 were also untraded at 77.00p.