Personal Assets Trust Plc (PNL.L), a British investment trust, on Wednesday returned to profit for the first half.
For the six-month period to October 31, the company reported a return before taxation of 56.143 million pounds, compared with a loss of 29.077 million pounds, posted for the same period last year.
Return for the period stood at 53.608 million pounds or 16.09 pence per share as against prior year's loss of 32.608 million pounds or 8.57 pence per share.
Net asset value per share, however, improved to 498.80 pence per share from 468.10 pence per share in 2023.
Total income was 61.770 million pounds, compared with a loss of 23.117 million pounds a year ago.
Foreign exchange gains were 19.258 million pounds, versus a loss of 20.040 million pounds last year.
Gains on investments held at fair value through profit or loss was 21.026 million pounds, compared with a loss of 28.214 million pounds in 2023.
Investment income was 21.060 million pounds, down from previous year's 24.743 million pounds.
The company added that it will pay a third interim dividend of 1.4 pence per share on January 24, 2025 and a fourth interim dividend of 1.4 pence per share in April 2025.
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