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RIT Capital Partners Reports Loss For 9-month Period

Asset management company RIT Capital Partners Ord (RCP.L) Thursday reported a loss for the nine- month period ended December 31, 2012.

For the nine months, the investment manager posted loss before tax of 45.3 million pounds. Loss after tax totaled 45.6 million pounds.

On a per share basis, loss for the reporting period amounted to 29.6 pence.

Investment income for the period was 11.2 million pounds while other income totaled 2.9 million pounds. Taking into account losses on dealing investments held at fair value, losses on portfolio investments held at fair value and exchange losses on monetary items and borrowings, the firm reported a loss of 20.4 million pounds.

The firm further declared the payment of a first interim dividend of 14 pence per share, payable on April 26 to shareholders on the register at April 5.

by RTTNews Staff Writer

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