Blackrock Commodities Income 1H Pretax Profit GBP7.56M Vs GBP21.12M

14th Jul 2010 15:48

LONDON (Dow Jones)--Blackrock Commodities Income Investment Trust PLC(BRCI.LN), said Wednesday it made pretax profit of GBP7.56 million for the half year ended May 31, compared with GBP21.12 million, and said it intends to raise further capital later this year. MAIN FACTS: -Total Revenue GBP3.17 million versus GBP3.21 million -Earnings per share 9.74 pence versus 28.08 pence -A second quarterly dividend of 1.375 pence per share will be paid on July 23 -The maximum gearing used during the period was 4.5% and at May 31 net gearing was 1.0% -The company expects commodity markets to remain volatile in the near term. -The longer term positive outlook for the sector remains in place and equity prices do not appear expensive. -Shares at 1445 GMT down 1.25 pence, or 1.03%, at GBP120.50 pence, valuing the company at GBP91.10 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; [email protected] Order free Annual Report for BlackRock Commodities Income IT Visit http://djnweurope.ar.wilink.com/?ticker=GB00B0N8MF98 or call +44 (0)208 391 6028 (END) Dow Jones Newswires July 14, 2010 10:48 ET (14:48 GMT)