Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Investment company Intermediate Capital lifted its interim dividend after reporting a rise in first-half profit following a recovery in portfolio valuations as markets rebounded from a slump in March.
For the six months ended 30 September 2020, pre-tax profit was up 29% to £197.8m year-on-year and the fund management company pre-tax profit was up 6% to £89.8m.
Net asset value per share fell 2% to £4.88.
The company approved an interim dividend of 17.0p, an increase of 13%.
'We therefore remain highly confident in our ability to grow our AUM over the long-term, supported by strong investor demand for our fund strategies and underpinned by our investment-performance track record,' the company said.
At 8:02am: (LON:ICP) Intermediate Capital Group PLC share price was 0p at 1533p