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Interim Results

F&C Global Smaller Companies NAV falls

09 December 2015 12:08

F&C Global Smaller Companies says its diluted net asset value (NAV) per share as at 31 October 2015 fell to 948.89p, a drop of 2.2% from 970.25p as at 30 April.

Basic revenue per share came in at 5.24p, which represents a 7.4% increase over the level reported for the half-year ended 31 October 2014.

The interim dividend per share is set at 2.9p.

In terms of outlook, the Company commented:

"The near term outlook for markets is uncertain given the potential headwind from higher US interest rates, and we are conscious of this in terms of our sector allocation strategy. There are signs that industrial production is slowing around the world, but consumer spending remains generally encouraging.

"As ever, our focus is more on the individual stock level, and we still see good potential growth from the investment portfolio in the future."

At 12:08pm: (LON:FCS) FC Global Smaller Companies Plc share price was +4.25p at 997.25p

Story provided by StockMarketWire.com

Related Company: FCS

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