JPMorgan Japanese Investment Trust plc Reports Audited Earnings Results for the Year Ended September 30, 2016; Announces Changes in Articles of Association
November 16, 2016 at 03:30 am EST
Share
JPMorgan Japanese Investment Trust plc reported audited earnings results for the year ended September 30, 2016. For the year, the company reported gains on investments held at fair value through profit was £179,145,000 compared to £55,125,000 a year ago. Gross return was £171,325,000 compared to £64,682,000 a year ago. Net return on ordinary activities before finance costs and taxation was £167,342,000 compared to £61,061,000 a year ago. Net return on ordinary activities before taxation was £166,577,000 compared to £60,327,000 a year ago. Net return on ordinary activities after taxation was £165,703,000 or 102.76 pence per share compared to £59,630,000 or 36.98 pence per share a year ago. Net asset value per share was 387.5 pence as of September 30, 2016 compared to 287.5 pence as of September 30, 2015.
Following a review by the board, it has been decided to amend the company's articles of association to allow the payment of dividends out of capital.
JPMorgan Japanese Investment Trust plc is a United Kingdom-based investment trust. The Companyâs objective is to provide shareholders with capital growth from investment in Japanese companies. In order to achieve the investment objective and to seek to manage risk, the Company invests in a diversified portfolio of quoted Japanese companies, or securities providing an indirect investment in Japan. The Company invests in Japanese companies across the market, including robotics, materials, healthcare, e-commerce and business services, as well as companies transitioning to more capital efficient business models. It invests in various sectors, including information technology, industrials, consumer discretionary, financials, health care, materials, communication services, consumer staples, real estate, utilities, energy and others. The Companyâs investment manager is JPMorgan Funds Limited.
JPMorgan Japanese Investment Trust plc Reports Audited Earnings Results for the Year Ended September 30, 2016; Announces Changes in Articles of Association