F&C Investment Trust PLC (FCIT.L) Friday reported pre-tax profit of 5.63 million pounds for the first half, significantly lower than 656.85 million pounds in the comparable period last year, primarily impacted by losses on investments and derivatives, and exchange losses.
The company recorded losses on investments and derivatives of 31.64 million pounds compared with gains of 611.23 million pounds a year ago, and exchange losses of 8.41 million pounds versus gains of 852,000.
Net loss was 1.77 million pounds or 0.37p per basic share compared with net profit of 648.69 million pounds or 128.49p per share in the prior year.
Income for the period slightly grew to 64.69 million from 64.06 million last year.
Net asset value (NAV) decreased to 1,210.8p from 1,219.6p at December 31, 2024.
The company has declared a first interim dividend of 3.8p per share to be paid on August 1.
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