ICG Enterprise Trust plc (ICGT), a private equity investor, Tuesday reported profit before tax of 22.99 million pounds for the first half, significantly higher than 6.95 million pounds in the comparable period last year, primarily on growth in gains on investment.
Gains on investments increased to 34.95 million pounds from 19.75 million pounds a year ago.
Net profit rose to 22.99 million pounds or 34.67p per share from 6.95 million pounds or 10.21p per share in the previous year.
The company's portfolio return on a local currency basis for the 6-month period was 3.8 percent compared with 4.6 percent a year ago.
Net asset value decreased to 1.274 billion pounds from 1.290 billion pounds last year. NAV per Share was 1,946p as on July 31, 2024
The Board has proposed a second interim dividend of 8.5p per share, to be paid on November 29 to shareholders on the register on November 15.
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