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Schroder Oriental Income Fund Ltd - Asia Pacific-focused investor - Pretax profit in the six months ended February 28 rises to £10.4 million from £8.3 million a year earlier. Income from investments falls to £11.4 million from £14.7 million. Net asset value per share at February 28 falls by 1.3% to 273.73 pence, from 277.24p at August 31. Declares two interim dividends totalling 4.00p, versus 3.80p in total year-on-year.
‘We entered the Year of the Rabbit with the hope that China’s re-opening and the potential for a softer US dollar and peaking US rate hike cycle should provide a more supportive backdrop for Asian markets, although slowing global growth would inevitably be a headwind given Asia’s position as manufacturer to the world. More recently, the collapse of Silicon Valley Bank in the US and the proposed takeover of Credit Suisse have added to concerns over financial sector risk globally, as well as the potential knock-on impact on growth,’ the company says.
Current stock price: 255.34 pence
12-month change: down 3.3%
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