JPMorgan Asian Investment Trust plc Reports Unaudited Earnings Results for the Year Ended September 30, 2016; Recommends Final Dividend for the Year 2016, Payable on February 6, 2017
January 05, 2017 at 10:11 pm IST
Share
JPMorgan Asian Investment Trust plc reported unaudited earnings results for the year ended September 30, 2016. For the period, the company reported net return on ordinary activities before finance costs and taxation was GBP 89,881,000 against loss of GBP 5,689,000 a year ago. Net return on ordinary activities before taxation was GBP 89,589,000 against loss of GBP 5,918,000 a year ago. Net return on ordinary activities after taxation was GBP 89,233,000 or 93.88 pence per share against loss of GBP 6,431,000 or 6.77 pence per share a year ago. Net cash inflow from operating activities was GBP 3,136,000 against GBP 3,360,000 a year ago.
The board of the company recommended final dividend of 3.0 pence which, if approved by shareholders, will be payable on February 6, 2017 to shareholders on the register at the close of business on January 13, 2017.
JPMorgan Asia Growth & Income plc is a United Kingdom-based investment trust company. The Company's objective is to provide capital growth from a diversified portfolio of around 50 to 80 companies quoted on the Asian stock markets, excluding Japan. The Company pays quarterly dividends equivalent to 1% of its net asset value, set on the last business day of each financial quarter. It also has the ability to use gearing up to a maximum level of 20% of net assets to increase potential returns to shareholders. The Company invests in various sectors, such as financials, information technology, consumer discretionary, industrials, communication services, materials, health care, real estate, consumer staples, energy, utilities and others. It also has investments in various geographic areas, including China, India, Taiwan, Korea, Hong Kong, Singapore, Indonesia, Thailand, Australia, Malaysia and Philippines. JPMorgan Funds Limited is the Alternative Investment Fund Manager of the Company.
JPMorgan Asian Investment Trust plc Reports Unaudited Earnings Results for the Year Ended September 30, 2016; Recommends Final Dividend for the Year 2016, Payable on February 6, 2017
JPMORGAN ASIA GROWTH & INCOME PLC 
