City Of London Group FY Pretax Profit GBP0.2M Vs GBP0.1M

16th Jun 2010 15:15

LONDON (Dow Jones)--City Of London Group PLC (CIN.LN) said Wednesday that for the year ended March 31, it made a pretax profit of GBP0.2 million on revenue of GBP0.2 million MAIN FACTS: -Revenue GBP0.2 million (2009: GBP0.2 million) -Group operating profit of GBP248,422 (2009: GBP117,723) - an increase of 111% -Pretax profit GBP0.2 million (2009: GBP0.1 million) -Earnings per share 1.45 pence (2009: 1.55 pence) -Net Assets GBP7.73 million (2009: GBP6.28 million) up 23.1% -Asset value per share 77.4 pence (2009: 63.9.p) - an increase of 21.1% -Dividend recommenced at 0.5 pence per share -For the current financial year investment performance is in line with company expectations but new investments leave the company well positioned to achieve growth. -Shares at 1413 GMT unchanged at 73.0 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 16, 2010 10:15 ET (14:15 GMT)