ELTA.L Share News (ELTA)

(ShareCast News) - Electra Private Equity has increased its net profit by 78% to £332m for the year and posted a net asset value return of 25%.The FTSE 250 listed investment firm released its audited results for the year to 30 September on Monday.It reported the diluted net asset value per share was 3,914p, equating to a total return of 25%.The company had £188m invested in the year, with £259m realised and a total portfolio return of £429m - 34% on the opening portfolio - and had a total investment portfolio of £1.63bn.It also announced a final dividend of 78p per share, taking the total payout for the year to 116p.Electra Private Equity chairman Roger Yates said the company's performance continues to be extremely strong, driven by its excellent performance in the investment portfolio and impressive uplifts from realisations."The board believes that Electra's investment approach has served shareholders extremely well over the years, producing consistent returns in the targeted range of 10-15%."The current portfolio is already delivering further strong growth, driven by our unique model, and we are very excited by the opportunities that lie ahead."The company's share price jumped to 3,700p by 0841 GMT, up 65p (1.79%).