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City Of London Investment Trust Annual Earnings Improve

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

City of London Investment Trust PLC (CTY.L), a British investment trust focused on equities, on Wednesday recorded an increase in earnings for the full year.

For the 12-month period to June 30, the company posted a net return before taxation of GBP 342.928 million, higher than GBP 297.951 million in the same period last year. Net return after taxation stood at GBP 342.116 million, or 69.31 pence per share, compared with GBP 297.418 million, or 59.35 pence per share, last year.

Net Asset Value per share moved up to 472.5 pence from 424.3 pence per share last year.

Net return before finance costs and taxation was GBP 349.073 million, up from the previous year's GBP 303.137 million. Gross revenue and capital gains increased to GBP 356.987 million from GBP 310.570 million a year ago. Gains on investments held at fair value through profit or loss stood at GBP 244.522 million as against GBP 200.864 million in the previous year.

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