IN BRIEF: Utilico Emerging Markets Trust Net Assets Grow In First Half

Utilico Emerging Markets Trust PLC - invests in infrastructure and utility and related sectors in ...

Alliance News 25 November, 2020 | 11:59AM
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Utilico Emerging Markets Trust PLC - invests in infrastructure and utility and related sectors in emerging markets - Reports net asset value per share of 200.56 pence as at September 30, up 10% on a prior year. Revenue income decreased, however, by 19% year-on-year to GBP14.7 million. Share price at the end of September stood at 174.00p, representing a 13% discount to NAV. The company upped its dividend to 3.850 pence compared to 3.725p paid a year before. "Despite unprecedented challenges due to Covid-19, Utilico Emerging Markets Trust's investment objective to provide positive long-term absolute returns has not changed, and we remain optimistic to uncover compelling investments that offer excellent returns," says Investment Manager Charles Jillings.

Current stock price: 184.00p

Year-to-date change: down 23%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

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