Investment trust Caledonia Investments said it had outperformed the FTSE in the last six months and was boosting its dividend.
The company boasted 3.8% net asset value (NAV) total return over the six months to the end of September, which it said was "satisfactory" in the current economic climate.
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Its Asia group took a hit, down 9.1% over the period, driven by a fall in the share price of Dewan Housing Finance.
The figures amounted to a 1.9% total return outperformance of NAV against the FTSE All-Share over the six month period.
However, over the last 12 months the trust has under-performed that benchmark by 6.7%.
Caledonia announced a 10.3% increase in interim dividend, which it said reflected continued growth in income from its portfolio.
"We will continue to execute our strategic plan, evidenced by the disposal of non-core assets, a reduction in the number of core investments and a strong increase in the level of income flowing from the portfolio," the statement said.
"The underlying performance of our portfolio is satisfactory considering the difficult economic times."
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