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Interim Results

Caledonia Investments NAV falls

19 November 2015 08:39

Caledonia Investments' net asset value per share fell by 3.8% in the six months to the end of September on a total return basis, reflecting the challenging global market conditions.

Income from the portfolio was up 6.9% over the previous half-year, to £23.3m and the interim dividend is up 3.6% to 14.3p.

Chief executive Will Wyatt said: "Despite challenging global equity markets, our portfolio has delivered a resilient performance and continues to benefit from strong income generation, which grew 6.9% in the period, supporting a further 3.6% increase in our dividend. "The Unquoted pool in particular had a strong performance, returning 6.0% during a busy period that included the acquisition of Seven Investment Management and the realisation of TGE Marine at a significant premium. Weak markets have also enabled us to add to our quoted portfolio, as valuations became more attractive for long term investment. "While we expect to see continued volatility in financial and commodity markets in the months ahead, we are confident our portfolio will provide shareholders with attractive returns over the long term."

At 8:39am: (LON:CLDN) Caledonia Investments Plc share price was +14.5p at 2409.5p

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