JZ Capital Partners Ltd (JZCP.L) announced its preliminary results for the twelve month period ended 28 February 2013. The total profit attributable to Ordinary shareholders for the year declined to $35.85 million from last year's $45.04 million. Profit per Ordinary share was 55.14 cents, down from 69.28 cents in the previous year.
Profit before taxation decreased to $36.98 million, from $46.42 million last year.
The revenue return for the year was $27.11 million, up from $25.20 million last year.
Total income for the year slip to $68.09 million from $75.80 million in the previous year.
David Zalaznick, JZCP's Founder and Investment Adviser, said, "We look ahead to 2013 with confidence knowing that JZCP is well positioned with a strong balance sheet to take advantage of the many opportunities we have in our pipeline."
The company said it entered 2013 with a positive outlook, renewed confidence and well positioned to generate significant returns to our shareholders.
The Directors declared and paid an Interim Dividend of 14 cents per share for the six months ended 31 August 2012. The Board has declared a second dividend for the year of 15 cents per share. Therefore, the total distribution for the year will be 29 cents per share, compared to 25 cents for the year ended 28 February 2012. This implies an annualised yield as at 28 February 2013 of 4%.
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