UK's GCP Asset Backed posts £2.2 mln half-year net loss amid wind-down process
UK's GCP Asset Backed posts £2.2 mln half-year net loss amid wind-down process
Overview
UK asset-backed lender's half-year net loss was £2.2 mln, reversing prior-year profit
Company redeemed shares, returning £45.0 mln to shareholders post period end
NAV per share fell to 70.22 pence as asset realisation progressed
Outlook
Company intends to maintain annual dividend of 6.325 pence per share while substantially invested
Company remains focused on managed realisation of assets and return of capital to shareholders
Result Drivers
ASSET REALISATION - Co said material repayments from the loan portfolio enabled further share redemptions and capital returns
DIVIDEND PAYMENTS - Co maintained regular and stable dividends during the wind-down process
Company press release: ID:nRSO7042Ua
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Net Loss |
| GBP 2.2 mln |
|
Reuters Recommended Reads
Sept 14 - UK's Arcontech revenue drops 11.5% on customer loss
Sept 14 - UK's GlobalData half-year revenue rises on acquisitions
Sept 14 - UK's Keystone Law interim revenue rises 22.5% yr/yr
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)