BP Marsh NAV rises, 'positive' on ongoing performance and outlook

14th Feb 2023 08:13

(Sharecast News) - Venture capital investor BP Marsh said on Tuesday that its net asset value had risen in the six months ended 31 July and said the firm "remains positive" regarding its ongoing performance and the outlook for the insurance market.

BP Marsh stated its net asset value had increased to £179.8m as of 31 July, up from £166.6m on 31 January, while group cash and treasury funds slipped from £14.1m to £12.1m.

The AIM-listed firm added that its previously announced interim dividend of 1.39p per share will be paid on 28 February to all shareholders on the register on 27 January.

BP Marsh also noted that the UK now accounts for 34% of underlying revenues in its investee companies, on a look-through basis, with 66% originating from overseas.

As of 1020 GMT, BPM shares were up 1.17% at 346.0p.

Reporting by Iain Gilbert at Sharecast.com