LONDON (Alliance News) - Troy Income & Growth Trust PLC on Monday reported a drop in net asset value per share for the first half of its 2018 financial year as valuations of the company's investments came under increased pressure due to market volatility.
The investment trust reported net asset value per share of 74.04 pence as at March 31, down from 78.64p as at September 30, 2017. The company's assets recorded a negative return of 4.2% over the six month period to March-end, compared with a 2.2% negative return produced by the FTSE All-Share Index.
Troy Income & Growth Trust, however, said it expects the majority of its core investment holdings to continue to deliver robust year-on-year earnings and cash flow growth.
Sharesd in the company closed at 76.40 pence, up 0.4%.