(Alliance News) - Athelney Trust PLC on Wednesday said its performance in 2020 was hurt by the coronavirus pandemic.
The investment company said, as at the end of 2020, its net asset value was 255.3 pence per share compared to 266.9p reported at the end of 2019, a decrease of 4.3% over the year as compared to a 6.4% decline in the FTSE 250 and a 14% decline in the FTSE 100.
The 12-month revenue return per share was 5.9p compared to 9.1p the year before, a decrease of 35%.
The company said the first interim dividend of 1.7p per share was paid in September 2020. Athelney Trust recommended a final dividend of 7.7p per share, making a total dividend payable for the year of 9.4p, slightly higher than 9.3p paid a year earlier.
"Good companies at fair prices are still overlooked by house analysts," said Non-Executive Chair Frank Ashton. "Our Managing Director and Fund Manager has many years' experience relevant to operating successfully in the conditions of 2021 - this bodes well for your trust."
Athelney Trust shares were untraded in London on Wednesday, last closing at 204.00p each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Athelney Tst. (ATY)