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TOC Property Backed Lending Trust PLC - Chelmsford, England-based lending trust - Pretax profit for the year ending November 30 falls 14% to £930,000 from £1.1 million. Net asset value per share at November 30 drops to 83.88 pence from 83.93p year-on-year. NAV return stands at 4.8%, up from 3.9% in 2020. Revenue falls 30% to £1.6 million from £2.3 million the previous year. Net income drops 10% year-on-year to £1.7 million from £1.9 million. Net income figure includes gain and losses on investments. Ups payout to 4p in 2021, from 3p in 2020. Company says it is in a ‘strong’ position to maximise the opportunities that lie ahead.
Current stock price: 84.00 pence
12-month change: down 2.3%
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