The Monks Investment Trust PLC Reports Unaudited Preliminary Earnings Results for the Full Year Ended April 30, 2013; Appoints Karl Sternberg to its Board, Effective July 1, 2013; Recommends Final Dividend, Payable on August 9, 2013
June 05, 2013 at 02:00 am EDT
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The Monks Investment Trust PLC reported unaudited preliminary earnings results for the full year ended April 30, 2013. For the period, the company reported net profit on ordinary activities after taxation of £58,855,000 or 23.40 pence per share on total income of £22,983,000 against net loss on ordinary activities after taxation of £48,064,000 or 18.51 pence per share on total income of £31,424,000 a year ago. Net profit on ordinary activities before taxation of £59,576,000 compared to net loss on ordinary activities before taxation of £47,063,000 a year ago. Net cash inflow from operating activities of £17,645,000 compared to £24,825,000 a year ago.
The company announced that Mr. Karl Sternberg has agreed to join its Board with effect from 1 July 2013. Mr. Sternberg will be submitted for election at the AGM.
The Board also recommended a final dividend of 3.45 pence, which together with the interim of 0.50 pence already paid, would make the total dividend for the year 3.95 pence, unchanged from the previous year. If approved the recommended final dividend will be paid on 9 August 2013 to shareholders on the register at the close of business on 12 July 2013. The ex-dividend date is 10 July 2013.
The Monks Investment Trust PLC is a United Kingdom-based investment trust. The Company aims to deliver above average long-term returns for shareholders by keeping fees and costs low and harnessing the long-term growth potential of companies. The Company's objective is to invest globally to achieve capital growth. It seeks to meet its objective by investing principally in a portfolio of global quoted equities. The number of holdings in equities typically ranges from 70-200. Its portfolio contained 123 equity holdings. The Company holds a portfolio across geographic sectors, such as the United Kingdom, Continental Europe, North America, Japan, Asia and other emerging markets. Its portfolio of securities is distributed across several sectors, including oil and gas, basic materials, industrials, consumer goods, healthcare, consumer services, financials, telecommunications and technology.
The Monks Investment Trust PLC Reports Unaudited Preliminary Earnings Results for the Full Year Ended April 30, 2013; Appoints Karl Sternberg to its Board, Effective July 1, 2013; Recommends Final Dividend, Payable on August 9, 2013