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Baillie Gifford Japan Trust Reports Loss In FY, Investment Income Up

Baillie Gifford Japan Trust PLC (BGFD.L) reported Wednesday that its fiscal 2019 pre-tax net return was a loss of 37.68 million pounds, compared to profit of 128.88 million pounds.

Net return per ordinary share was a loss of 42.52 pence, compared to profit of 145.05 pence a year ago.

Pre-tax revenue return was 6.11 million pounds, compared to 3.32 million pounds last year. Revenue return per share was 5.18 pence, compared to last year's 2.54 pence.

Investment income continued to rise to 13.50 million pounds from 10.87 million pounds a year ago, mainly due to the continuing increase in dividends from Japanese investments.

According to the company, the largest contributor to performance was Rakuten, mainly an online retail and finance company, while largest negative contributors to performance were Outsourcing and ZOZO, formerly named Start Today.

Further, the company announced that a final dividend of 3.50p per ordinary share will be put to shareholders for approval at the Annual General Meeting to be held on December 5. If approved, it will be paid on December 13 to shareholders on the register at the close of business on November 15.

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