Schroder Oriental Income Fund Limited Announces Unaudited Earnings Results for the First Six Months Ended February 29, 2016
May 12, 2016 at 10:06 am EDT
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Schroder Oriental Income Fund Limited announced unaudited earnings results for the first six months ended February 29, 2016. For the first six months, the company announced income from investments of GBP 8,562,000 compared to GBP 8,480,000 for the same period a year ago. Total income was GBP 32,789,000 compared to GBP 29,506,000 for the same period a year ago. Profit before finance costs and taxation was GBP 30,892,000 compared to GBP 27,564,000 for the same period a year ago. Profit before taxation was GBP 30,631,000 compared to GBP 26,948,000 for the same period a year ago. Net profit and total comprehensive income was GBP 30,161,000 compared to GBP 26,377,000 for the same period a year ago. Earnings per share were 12.82 pence compared to 11.85 pence for the same period a year ago. Net cash outflow from operating activities was GBP 2,623,000 compared to GBP 1,627,000 for the same period a year ago. Net asset value per share was 183.89 pence compared to 200.62 pence for the same period a year ago.
Schroder Oriental Income Fund Limited is a Guernsey-based closed-end investment company. The investment objective of the Company is to provide a total return for investors primarily through investments in equities and equity-related investments, of companies which are based in, or which derive a significant proportion of their revenues from, the Asia Pacific region and which offer attractive yields. The Company's portfolio includes government, quasi-government, corporate and high-yield bonds and preferred shares. It invests in various sectors, such as information technology, banks, real estate, materials, communication services, other financials, consumer discretionary, consumer staples, healthcare, energy and industrials. It also invests in various countries, such as Australia, Hong Kong, China, Indonesia, Japan, Korea, New Zealand, Singapore, Taiwan, Thailand and others. Its alternative investment fund manager is Schroder Unit Trusts Limited.
SCHRODER ORIENTAL INCOME FUND LIMITED 
