Albion Venture Capital Trust PLC Announces Unaudited Financial Results for the Six Months September 30, 2019
December 04, 2019 at 10:37 am
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Albion Venture Capital Trust PLC announced unaudited financial results for the six months September 30, 2019. For the six months, the company reported investment income was £1,563,000 compared to £1,420,000 a year ago. Profit and total comprehensive income attributable to shareholders was £1,478,000 compared to £3,899,000 a year ago. Basic return per share was 1.55 pence compared to 4.50 pence a year ago.
Albion Venture Capital Trust PLC is a United Kingdom-based venture capital trust. The Companyâs investment policy is intended to produce a regular and predictable dividend stream with an appreciation in capital value. The Company will invest in a portfolio of smaller, unquoted growth businesses across a variety of sectors, including higher risk technology companies. Investments may take the form of equity or a mixture of equity and loans. The allocation of funds will be determined by the investment opportunities which become available, but efforts will be made to ensure that the portfolio is diversified both in terms of sector and stage of maturity of the Company. Its portfolio of investments across various sectors includes renewable energy; software and technology; healthcare, including digital healthcare; other, including education, and cash and other net assets. The Companyâs manager is Albion Capital Group LLP.