Octopus Titan VCT 2 1H Pretax Loss GBP0.6M Vs Profit GBP0.3M

23rd Jun 2010 10:19

LONDON (Dow Jones)--Octopus Titan VCT 2 PLC (OTV2.LN) said Wednesday that for the six months ended April 30, it made a pretax loss of GBP0.6 million compared with a profit of GBP0.3 million in the same period in the previous year. MAIN FACTS: -Net assets GBP14.4 million (2009: GBP14.3 million) -Pretax loss GBP0.6 million (2009: profit GBP0.3 million) -Loss per share 3.6 pence (2009: earning 2.2 pence) -NAV per share 92.0 pence (2009: 91.5 pence) -During the six month period to April 30, the total return (being the change in net asset value per share (NAV) plus cumulative dividends paid) was down 3.7% (April 30, 2009 up 2.3%), comprising a NAV decline of 4.1 pence to 92.0 pence plus dividends paid of 0.5 pence. -Board remains confident that the Fund will be able to meet its investment objectives and produce good returns for shareholders. -Shares at 0917 GMT unchanged at 85.0 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 23, 2010 05:19 ET (09:19 GMT)