Temple Bar Investment Reports 1H NAV Of 756.56 Pence

28th Jul 2010 12:45

LONDON (Dow Jones)--Temple Bar Investment Trust PLC (TMPL.LN) said Wednesday its Net asset value per share for the first half was 756.56 pence compared with 623.40 pence in the year ago period, and added that the total return on the net assets of Temple Bar during the first half of 2010 was -6%, which compares with a total return for the FTSE All-Share Index of -6.2%. MAIN FACTS: -Total investment income for the six months ended June 30 GBP11.8 million (2009: GBP12 million) -Total pretax loss before finance costs and tax GBP28.1 million (2009: profit GBP21.9 million) -Total pretax loss GBP30.4 million (2009: profit 19.6 million) -Total diluted loss per share 51.49 pence (2009: EPS 33.48 pence) -Post-tax revenue earnings for the half year were GBP10.2 million compared with GBP11.5 million in the equivalent period last year. -Board has declared an unchanged interim dividend of 10.50 pence -Decision of BP PLC (BP.LN) to omit the three remaining quarterly dividends in 2010 significantly reduced Temple Bar's expected revenue for the year leading to a forecast revenue deficit for 2010. -Board will continue to reassess dividend policy against the development of revenue income over the balance of the year and the emerging outlook, including that for the restoration of the BP dividend. -Shares at 1143 GMT down 2.5 pence or 0.32%, at 789.5 pence, valuing the company at GBP465.5 million. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, [email protected] Order free Annual Report for Temple Bar Investment Trust PLC Visit http://djnweurope.ar.wilink.com/?ticker=GB0008825324 or call +44 (0)208 391 6028 (END) Dow Jones Newswires July 28, 2010 07:45 ET (11:45 GMT)