Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Company News in Brief

Monday 07 February 1994 19:02 EST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

EFM Java Trust, the long-term capital growth investment trust that invests in Indonesia and the Far East excluding Japan, was unable to propose a dividend payout for the year ended 31 December. Net asset value over the year, however, was almost doubled from 32.88p to 61.39p. It recorded profits before tax of pounds 22,000, compared with taxable losses of pounds 35,000 for the comparable period. The shares slipped 3p yesterday to close at 53p. The company will be proposing at the annual meeting to change its name to Edinburgh Java Trust, to reflect the brand name under which the trust was launched.

French Property Trust, the investment trust, which has investments in quoted shares of French property-owning companies, has recommended a final dividend of 1.4p (1.3p) for the year ended 31 December. The total was sharply down from the previous year's payout of 2.3p at 1.4p. Net asset value per share grew by a third from 73.29p to 97.34p. Dealing gains of pounds 45,000 contributed to a higher pre-tax revenue of pounds 669,000 ( pounds 611,000). The shares eased 3p to end the day's trade at 97p.

US Smaller Companies Investment Trust passed the dividend payout for the six months to 31 December. Net asset value per share improved to 148.8p (131.5p). Pre-tax revenue rose to pounds 284,000 ( pounds 41,000).

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in