sdp18 Dec 2012 21:43
Schroder Asia Pacific unveiled a significant increase in revenue in its annual report Tuesday.
The equities investor announced £4.91m net revenue after tax for the year ended September 30th, a sizeable jump from the £4.03m reported in the previous year.
The company's gearing rose from 4.4% at the beginning of the year to 5.7% by year's end.
The net asset value of the company recorded a total return of 28.7% over the year, exceeding the benchmark of the MSCI All Countries Asia ex Japan Index which rose 15.7% over the same period.
"Regional markets made positive progress over the year under review despite some challenging global developments, particularly the continued bouts of uncertainty over the future of the euro with the focus shifting from the smaller economies of Greece and Portugal to the systemically more critical cases of Spain and Italy," the company said in a statement.
"The relative performance of the company's portfolio has been strong over the period. The main contributors were strong stock selection in Korea, Hong Kong, Taiwan and Singapore, with lesser added value from the Philippines, Thailand and Indonesia."