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Pin to quick picksInt.biotech. Share News (IBT)

Share Price Information for Int.biotech. (IBT)

London Stock Exchange
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Share Price: 664.00
Bid: 660.00
Ask: 668.00
Change: 6.00 (0.91%)
Spread: 8.00 (1.212%)
Open: 662.00
High: 672.00
Low: 662.00
Prev. Close: 658.00
IBT Live PriceLast checked at -
International Biotechnology is an Investment Trust

To achieve capital growth through investing in high growth, development stage biotechnology companies.

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IN BRIEF: International Biotechnology Trust corrects interim return

Fri, 06th May 2022 12:13

International Biotechnology Trust PLC - London-based investment trust managed by SV Health Managers LLP - Company corrects that, for the six months that ended February 28, its net asset value per share total return was negative 15%, rather than the 13% reported on Wednesday, while the company's benchmark, the Nasdaq Biotechnology Index, returned negative 23%. The correction to the return relates to dividends paid. The trust swung to a pretax loss of GBP48.5 million in the six months from a profit of GBP19.1 million a year previous. International Biotechnology Trust makes a GBP46.5 million loss on investments, versus a gain of GBP20.4 million a year before. NAV per share stands at 648.82 pence at February 28, down from 775.73p a year previous. Says the biotechnology sector has experienced a "significant" period of weakness, but the company's outlook remains positive.

Current stock price: 612.00p

12-month change: down 13%

By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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