JPMorgan Indian Investment Trust plc (JII.L) Friday reported profit before tax of 54.75 million pounds for the first half compared with loss before tax of 66.15 million pounds in the same period last year, primarily due to gain on investment.
Gains on investments held at fair value were 54.57 million pounds compared with loss of 67.62 million pounds a year ago.
The company posted a net profit of 43.34 million pounds or 59.90p per share compared with net loss of 68.01 million pounds or 90.05p per share last year.
Total income was 57.96 million pounds compared with loss of 63.05 million pounds in the previous year.
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