Intermediate Capital sees profits decline in tough economic climate

Intermediate Capital Group, the specialist investment firm and asset manager, has reported a significant drop in half year group pre-tax profit (PTP) as a result of the difficult economic climate, but still announced a 0.3p increase in the dividend payment to 6.3p.

Intermediate Capital Group, the specialist investment firm and asset manager, has reported a significant drop in half year group pre-tax profit (PTP) as a result of the difficult economic climate, but still announced a 0.3p increase in the dividend payment to 6.3p.

Although fund management company PTP edged £0.1m higher to £17.2m in the six months ended September 30th, investment company PTP declined from £91.7m to £22.4m, giving overall PTP of £39.6m (2011: £108.8m). Earnings per share more than halved from 21.6p to 10.3p.

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