Polar Capital Technology FY Pretax Profit GBP124.7M

LONDON (Dow Jones)--Polar Capital Technology Trust PLC (PCT.LN) said Friday that for the year ended April 30, it made a pretax profit of GBP124.7 million on a total income of GBP129.2 million. MAIN FACTS: -NAV per share rose by 45.4%, outperforming the Dow Jones World Technology Index's rise of 39.6% and the FTSE World Index rise of 34.9%; -Asset growth was driven by successful strategic exposure to a number of the Company's core themes - data centre consolidation, broadband applications and ubiquitous computing; -The outlook for the technology sector remains positive. -Net asset value per share April 30, 315.13 pence (2009: 216.75 pence) -Total net assets GBP398.6 million (2009: GBP274.5 million) -Total income GBP129.2 million (2009: loss GBP14.0 million) -Pretax profit GBP124.7 million (2009: loss GBP16.9 million) -Net profit GBP124.4 million (2009: loss GBP17.3 million) -EPS 98.38 pence (2009: loss 13.28 pence) -Shares closed Thursday at 277.0 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com Order free Annual Report for Polar Capital Technology Tst plc Visit http://djnweurope.ar.wilink.com/?ticker=GB0004220025 or call +44 (0)208 391 6028 (END) Dow Jones Newswires June 11, 2010 02:51 ET (06:51 GMT)