Athelney PLC - Investor in smaller UK companies for dividend and capital growth - Pretax net return in its first half ended June 30 is GBP63,369, down from GBP329,934. Net asset value per share at June 30 falls to 208.8 pence per share, from 233.7p a prior year. The company says this is a "solid investment performance" due to continuing geopolitical headwinds. Investment gains in this period are GBP12,885, falling from GBP304,722. Declares interim dividend of 2.2 pence per share, up 5.0% from 2.1p per share year-on-year. Gross revenue rises 20% to GBP122,408 from GBP102,311 the year prior.
"The company has produced solid investment performances over these six months for its shareholders...Continuing headwinds include stick and high inflation, market uncertainties raised by weak global economic growth, the expectation of a protracted Ukraine-Russia war and in the US a mini banking crisis, followed by national debt default concerns," says Chair Frank Ashton.
Current market price: 182.00 pence
12-month change: down 11%
By Will Neill, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved
