Polar Capital Technology Trust reported pretax profit of 1.1 billion pounds for the year ended 30 April 2024 compared to a loss of 103.0 million pounds, last year. Profit per share was 904.21 pence compared to a loss of 81.28 pence. On a revenue return basis, pretax loss widened to 7.3 million pounds from a loss of 4.7 million pounds, previous year. Loss per share was 7.47 pence compared to a loss of 5.30 pence.
On a revenue return basis, total income for the period was 21.9 million pounds compared to 20.0 million pounds, last year.
Also, Polar Capital Technology Trust plc announced that shareholders will be requested at the Annual General Meeting to be held on 11 September 2024 to approve the sub-division of the ordinary shares of 25 pence each into ten new ordinary shares of 2.5 pence each. The Trust said Sub-division is intended to assist regular savers and those who are looking to invest smaller amounts. Dealings in the new ordinary shares will commence on 13 September 2024, at which time the Sub-division will become effective.
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