LONDON (Alliance News) - Northern Venture Trust PLC said Thursday its net asset value per share lowered year-on-year for for the first half of its financial year.
The venture capital trust net asset value per share was 70.7 pence at the end of March, down from 79.1p year-on-year. At the end of September the company's net asset value per share was 72.6p.
The company's total return per share was also lowered to 1.1p from 2.1p the same period last year. The company declared a first interim dividend of 2p down from 3p last year.
"The political and economic landscape in the UK looks set to remain in a state of flux for some time, which makes it extremely difficult to predict the future with much certainty," Chairman Simon Constantine said.
"We do however remain confident in the resilience developed over many years to deal with change and will continue to apply our high standards and rigorous procedures to the management of the portfolio with a view to continuing to deliver good returns to shareholders."
Northern 2 VCT PLC and Northern 3 VCT PLC also reported falls in net asset value per share for their financial years on Thursday.
Northern 2 VCT recorded a lower net asset value per share at 66.9p, down from 76.6p year-on-year. Total return per share was also down to 0.9p from 9.3p.
The company however, maintained the annual dividend at 5.5p as its has since 2004.
Northern 3 VCT net asset value per share fell to 94p from 106.2p year-on-year. Total return per share was a negative 2.1p down from a positive 14.6p the prior year.
The company paid a final dividend of 5.5p per share.
Shares in Northern Venture Trust were untraded Thursday at 69p each. Northern 2 VCT shares were also untraded, as were Northern 3 VCT shares.
Northern Venture Trust (NVT)
Northern 2 Vct (NTV)
Northern 3 Vct (NTN)