(Alliance News) - Temple Bar Investment Trust PLC on Friday reported an interim loss as the firm saw a fall in its net asset value per share.
In the six months ended June 30, the UK-focused investment trust swung to a pretax loss of GBP43.3 million from a profit of GBP126.6 million the previous year.
The firm's net asset value per share was 224.31 pence at June 30, down from 236.10p at the same time a year prior.
Its total net asset value return was negative 4.03%, marginally better than the total return of the FTSE All-Share Index which return negative 4.57%.
Temple Bar declared a second interim dividend of 2.30p, down from its first interim dividend of 10.25p.
Looking forward, Investment Managers Ian Lance and Nick Purves said: "Although we do not attempt to forecast if, or when, the UK economy might go into recession (we might already be in one), we can say that the outlook for corporate profits in the short term is particularly uncertain."
Shares in Temple Bar were down 0.4% at 222.12 pence on Friday morning in London.
By Heather Rydings; heatherrydings@alliancenews.com
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Temple Bar Investment Trust (TMPL)