Temple Bar Investment Trust (TMPL.L), a British investment trust, on Wednesday reported a surge in pre-tax for the first-half.
Richard Wyatt, Chairman of Temple Bar, said: "The UK stock market enjoyed a positive first half of the year, supported by an increase in M&A activity and in companies buying back their own shares; both a reflection of the perceived value offered by current valuation levels."
For the six-month period to June 30, the company registered a pre-tax income of 93.642 million pounds, significantly higher than 24.301 million pounds, posted for the same period last year.
After tax, profit stood at 92.581 million pounds or 32.2 pence per share as against previous year's 23.729 million pounds or 7.7 pence per share.
Profit before finance costs and tax was at 95.047 million pounds, compared with 25.704 million pounds a year ago.
Revenue stood at 23.886 million pounds as against prior year's 18.743 million pounds.
Total income was at 23.886 million pounds, up from 18.743 million pounds in 2023.
Net asset value per share with debt at book value moved up to 275.4 pence from previous year's 231.2 pence per share.
Temple Bar will pay an interim dividend of 2.75 pence per share on September 27 to shareholders on the register as of August 23. This follows the payment of first interim dividend of 2.5 pence per share on June 28.
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