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Caledonia Investments PLC on Tuesday said its annual net asset value rose as portfolio value increased.
The London-based investment trust’s net asset value as at March 31 was 5,043 pence per share, up from NAV of 5,032p on the same date a year ago.
NAV return for the year ended on March 31 was 5.0% compared to the FTSE All Share return of 2.9% for the same period.
Caledonia said both Private Capital and Funds assets produced good returns during the year due to a mix of ‘positive underlying performance and the favourable impact of the 6% fall in the value of Sterling against the US dollar’.
Portfolio value stood at £2.41 billion, up from £2.18 billion the year before.
Caledonia said that total liquidity remains ‘healthy’ with cash of £222 million, however down 35% from £341 million a year ago, and undrawn bank facilities of £250 million as at March 31, unchanged.
Shares were 0.2% lower at 3,481.97 pence each on Tuesday morning in London.
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