Business
Half-yearly report
Half-yearly report.
About this update from Icg Plc
[{"type":"text","content":"\n \n\n\n\n\n\nFirst Half results.\n\nfor the 6 months ended 30 September 2010.\n\nEmbargoed until 7.00am on Tuesday 23 November 2010\n\n\n\nIntermediate Capital Group PLC (\"ICG\") announces its First Half results for the\nsix months ended 30 September 2010.\n\nOperational Highlights\n\n * AUM at €11,671m compared to €11,190m at 31 March 2010\n\n * Investment Company* portfolio of £2,630m (€2,953m) compared to £2,684m\n (€2,942m) at 31 March 2010\n\n * Portfolio companies benefitting from improved economic environment\n\n * Strong market for realisations; capital gains of £87m in the first half\n\n * New investments of £437m for Investment Company and ICG Mezzanine Funds\n\n * €1.4bn Loan portfolio acquired at a discount to par value\n\n * Investment capacity of €1.5bn between Investment Company and ICG Mezzanine\n Funds\n\nFinancial Highlights\n\n * Group profit before tax** of £105.1m compared to £97.7m in the second half\n of last year (H2 10)\n\n * Fund Management Company* profit of £16.9m compared to £15.2m in H2 10\n\n * Investment Company profit of £88.2m compared to £82.5m in H2 10\n\n * Interim dividend of 6 pence per share, unchanged from last year\n\n+----------------------------+-----------------+-------------+-----------------+\n| | 6 months to| 6 months to| 6 months to|\n| |30 September 2010|31 March 2010|30 September 2009|\n+----------------------------+-----------------+-------------+-----------------+\n|Fund Management Company* | £16.9m| £15.2m| £22.8m|\n|profit before tax | | | |\n+----------------------------+-----------------+-------------+-----------------+\n|Investment Company* profit**| £88.2m| £82.5m| £(14.7)m|\n|/ (loss) before tax | | | |\n+----------------------------+-----------------+-------------+-----------------+\n|Group profit before tax** | £105.1m| £97.7m| £8.1m|\n+----------------------------+-----------------+-------------+-----------------+\n|Earnings per share** | 17.2p| 24.4p| 0.6p|\n+----------------------------+-----------------+-------------+-----------------+\n|Cash core income*** | £43.8m| £77.4m| £37.7m|\n+----------------------------+-----------------+-------------+-----------------+\n|Interim dividend per share | 6.0p| n/a| 6.0p|\n+----------------------------+-----------------+-------------+-----------------+\n|Investment portfolio | £2,630| £2...