| |
| Please Note - Streaming News is only available to subscribers to the Active Level and above |
|
|
|
Intermediate Capital lifts dividend as profit rises in H1
StockMarketWire.com
|
Investment company Intermediate Capital lifted its interim dividend after reporting a rise in first-half profit following a recovery in portfolio valuations as markets rebounded from a slump in March.
For the six months ended 30 September 2020, pre-tax profit was up 29% to £197.8m year-on-year and the fund management company pre-tax profit was up 6% to £89.8m.
Net asset value per share fell 2% to £4.88.
The company approved an interim dividend of 17.0p, an increase of 13%.
'We therefore remain highly confident in our ability to grow our AUM over the long-term, supported by strong investor demand for our fund strategies and underpinned by our investment-performance track record,' the company said.
At 8:02am: (LON:ICP) Intermediate Capital Group PLC share price was 0p at 1533p
Story provided by StockMarketWire.com
|
|
|
|
|
|
