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Annual Results

HgCapital beats index

06 March 2017 09:05

HgCapital Trust beat its benchmark in the year to the end of December with its strong net asset value performance driven by double-digit revenues and profit growth, exits about book value and positive currency movements.

HgCapital's NAV per share rose by 19.5% on a total return basis compared with a 16.8% increase in the FTSE All-Share Index.

The company's share price rose by 42.9% in the period on a total return basis.

Chairman Roger Mountford said: "Most of the businesses in which we are invested are reporting strong growth in revenues, improving margins and impressive growth in profitability.

"This bodes well for continuing value creation from the portfolio."

At 9:05am: (LON:HGT) HG Capital Trust PLC share price was +12p at 1582p

Story provided by StockMarketWire.com

Related Company: HGT

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