Law Debenture sees NAV rise

22nd Jul 2011 09:04

Investment trust and fiduciary services provider Law Debenture saw its net asset value per share rise 30% in the first half of 2011 compared to the same period of 2010.The company has two distinct parts; the first is an investment trust, which is currently managed by Henderson Global Investors. In addition Law Debenture provides fiduciary services, such as handling whistle-blowers and treasury management.Its fiduciary arm saw profits before taxation rise 28%, while net asset value return in the first six months of the year was 6.8% and net revenue per share was 8.58p.Shares in Law Debenture rose 1.66% in morning trading.BS