India Capital Growth Fund Limited (IGC.L) reported six-month pre-tax profit of 3.43 million pounds, as against a loss of 10.57 million pounds a year ago. First-half earnings per ordinary share were 4.58 pence, compared with a 14.09 pence loss in the prior-year period.
The company's net asset value increased 11.6 percent to 44.17 pence compared to the BSE Sensex which rose 5.1 percent and the BSE Mid Cap Index which increased 11.7 per cent, both in Sterling terms. Disappointingly this good performance was not reflected in the share price which fell by 8.9% over the period to stand at a discount of 30.4%.
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by RTT Staff Writer
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