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Dunedin H1 Profit Surges, Raises Dividend

Dunedin Smaller Companies Investment Trust PLC (DNDL.L) Monday reported surge in its half year profit and and said its board is declaring an increase in its interim dividend.

Return on ordinary activities after taxation for the period was 13.34 million pounds or 27.88 pence per share compared to 7.91 million pounds or 16.52 pence per share for the same period last year.

Net return before finance costs and taxation was 13.39 million pounds versus 7.97 million pounds prior year.

Net asset value per share for the period went up by 14.8 percent.

The company said board is declaring an increase in the interim dividend to 2.05 pence per share.

by RTTNews Staff Writer

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