LONDON (Alliance News) - Keystone Investment Trust PLC Thursday posted rising total return on net asset value per share and outperformed its benchmark in the year ended September 30.
The closed-ended investment trust posted total return on net asset value per share of 29.4%, up from 15.8% in the previous year. The total return from the company's benchmark, the FTSE All-Share Index, was 18.9%.
Revenue return per ordinary share rose to 57.4 pence from 49.1 pence. The company proposed a second interim dividend, in lieu of a final dividend of 32 pence per share, up from 30.5 pence in the previous year. This brings the total dividend for the year to 50p, up from 48.5 pence.
Keystone said that its good performance illustrated the success of its investment approach. Although some growth had returned to the UK, Keystone said, it cautioned that the economic environment remains challenging.
Keystone Investment Trust shares were trading down 11.99 pence at 1,650.01 pence Thursday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @hanassallnews
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