26th Jul 2018 17:40
LONDON (Alliance News) - Temple Bar Investment Trust PLC said Monday it has outperformed its benchmark in the first half of the year.
As at June 30 the FTSE 250 investor's total net asset return was 3.1%, exceeding the 1.7% return set by its FTSE All-Share Index benchmark.
The company's net asset value per share on that same date was 1,416.79 pence, up from 1,337.33p the previous year.
The company intends to pay an interim dividend of 8.75p per share, up 5% from 2017.
The company recorded investment income of GBP20.8 million, up from GBP19.0 million the year before. Its pretax profit was GBP28.6 million, down from GBP30.9 million the prior year.
"The current macro-economic situation in the UK is exceptionally uncertain," Temple Bar Chairman Arthur Copple said.
"Nevertheless, we believe that our managers have the necessary skills to...generate positive returns and further outperformance," he added.
Shares in Temple Bar closed down 0.2% at 1,304.00p.
Related Shares:
Temple Bar Investment Trust