Reconstruction Capital II FY Pretax Profit EUR5.2M Vs Loss EUR63.5M

30th Jun 2010 10:08

LONDON (Dow Jones)--Reconstruction Capital II Ltd (RC".LN) said Wednesday that for the year ended Dec. 31, 2009, it made a pretax profit of EUR5.2 million compared with a pretax loss of EUR63.5 million a year earlier. MAIN FACTS: -Revenue EUR3.1 million (2008: EUR2.7 million) -Total investment income EUR11.0 million (2008: loss EUR61.8 million) -Pretax profit EUR5.2 million (2008: loss EUR 63.5 million) -Earnings per share 0.0373 cents (2008: loss 005766 cents) -The Directors do not recommend the payment of a dividend. -Net asset value at Dec. 31, 2009 was EUR 86.7 million, representing EUR 0.8666 per share (EUR 83.7 million or EUR 0.8373 per share as at Dec. 31, 2008); -At Dec. 31, 2009 the Company's market capitalization was EUR 52 million, with a closing price of EUR 0.52 per share; -Total investment income of EUR 11.0 million for the year (expense of EUR 61.8 million in 2008) -The Directors do not recommend the payment of a dividend. -The Company may borrow up to a maximum level of 30% of its gross assets (as defined in its articles). -Shares at 0906 GMT unchanged at 54.51 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 30, 2010 05:08 ET (09:08 GMT)