Business
Half Yearly Report
Half Yearly Report.
About this update from Icg Plc
[{"type":"text","content":"\n RNS Number : 9634C Intermediate Capital Group PLC 24 November 2009 \n \n\nHalf year results for the six month period ended 30 September 2009\nIntermediate Capital Group PLC (\"ICG\"), a leading independent investor in and manager of buyout debt, announces its half year results for the six month period ended 30 September 2009. \nFinancial highlights:\n \n\n\n\n\n\n \n\n\n6 months to\n30 September 2009\n(H1 10)\n(millions)\n\n\n6 months to\n30 September 2008\n(H1 09)\n(millions)\n\n\nincrease/(decrease)\n\n\n\n\nNet interest income(1)\n\n\n£102.5\n\n\n£92.3\n\n\n11%\n\n\n\n\nFee income\n\n\n£28.1\n\n\n£29.4\n\n\n(4)%\n\n\n\n\nCore income(2)\n\n\n£94.1\n\n\n£84.6\n\n\n11%\n\n\n\n\nGains on investments\n\n\n£4.4\n\n\n£19.9\n\n\n(78)%\n\n\n\n\nNet provisions\n\n\n£97.1\n\n\n£42.8\n\n\n127%\n\n\n\n\nProfit before tax\n\n\n£8.1\n\n\n£39.8\n\n\n(80)%\n\n\n\n\nCash core income(3)\n\n\n£37.7\n\n\n£32.3\n\n\n17%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nEarnings per share(EPS(4)\n\n\n0.6p\n\n\n12.3p\n\n\n(95)%\n\n\n\n\nInterim dividend(4)\n\n\n6.0p\n\n\n8.5p\n\n\n(29)%\n\n\n\n\n \n \n \n\n\nAs at\n30 September 2009\n(millions)\n\n\nAs at\n31 March 2009\n(millions)\n\n\n increase/(decrease)\n\n\n\n\nLoans and investments\n\n\n£2,851\n\n\n£2,923\n\n\n(2)%\n\n\n\n\nThird party funds under management\n\n\n£7,789\n\n\n£8,497\n\n\n(8)%\n\n\n\n\n\n(1) Excludes dividend income and fair value movements on derivatives held for hedging purposes (H1 10: positive impact of £7.6m; H1 09: negative impact of £18.0m)\n(2) Core income is net interest income plus dividends plus fee income less related administrative expenses\n(3) Cash core income is defined as core income plus rolled up interest realised minus rolled up interest accrued, net of associated MTIS\n(4) Adjusted for the Rights Issue in July 2009\n \nFinancial highlights:\n\n\nCore income(2) up 11% to £94.1 million (H1 09: £84.6 million)\n\n\nGains on investments at £4.4 million (H1 09: £19.9 million)\n\n\nProvisions at £97.1 million (H1 09: £42.8 million; H2 09: £230.3 million)\n\n\nPre-tax profits at £8.1 million (H1 09: £39.8 million); including a positive £7.6 million (H1 09: £18.0 million...