amended: corrects EPS figures in the second para
City of London Investment Group PLC (CLIG.L) said it expects pre-tax profits for full year to be approximately 8.9 million pounds and profits, after an anticipated tax charge of 2.6 million pounds, to be about 6.3 million pounds. This compares to last year's pre-tax profits of 11.5 million pounds and profits of 8.5 million pounds.
Diluted earnings per share for the year is expected at 24.6 pence per share.
Funds under management for the period was 2.4 billion pounds, compared to 2.9 billion pounds in the year ago period.
The company said board is recommending a final dividend of 16 pence per share and said it has established a dividend policy of 1.5 times earnings cover which is applied with flexibility.
For comments and feedback: editorial@rttnews.com