LONDON (Alliance News) - Neptune Calculus Income and Growth PLC Friday said it outperformed its benchmark in 2014, seeing a total return on net asset value per share of 6.4%.
The company attributed this to the sale of Waterfall Services Lt last December for GBP1.3 million. This compared to a negative total return of 17.5% from the FTSE AIM All-Share Index.
It proposed a final dividend of 2.0 pence, maintained from the previous year, taking its total dividend for the year to 3 pence, in line with 2013. The company paid a special 5.0 pence interim dividend earlier this month.
"The UK economy has improved over the past twelve months but public markets remain volatile and susceptible to economic shocks. The 2015 election provides uncertainty, but continuing GDP growth is forecast and the VCT is well positioned to benefit from the strong growth momentum," Neptune said in a statement.
Shares in the company last closed at 36.50 pence.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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