ICG-Longbow has increased its profit after tax to £3.7m for the six months ending 31 July, up from £2.7m in the previous comparable time period.
NAV nudged up slightly to 98.26p from 98.20p, and the company agreed £131.1m of total loan commitments, with 16% of its portfolio representing “post-Covid” investments.
Income from its loan portfolio for the period totalled £4.95m, compared to £3.44m the previous year.
Chairman Jack Perry said: “The company continues to see a robust pipeline of opportunities to deploy capital at attractive returns and with strong security. We have no intention of investing aggressively as we can fulfil our mandate and achieve our investment objectives through attractive opportunities in sectors and locations where property fundamentals remain robust.”
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