Schroder Asia Pacific annual report reveals revenue increase

Schroder Asia Pacific unveiled a significant increase in revenue in its annual report Tuesday.

Schroder Asia Pacific unveiled a significant increase in revenue in its annual report Tuesday.

The equities investor announced £4.91m net revenue after tax for the year ended September 30th, a sizeable jump from the £4.03m reported in the previous year.

The company's gearing rose from 4.4% at the beginning of the year to 5.7% by year's end.

The net asset value of the company recorded a total return of 28.7% over the year, exceeding the benchmark of the MSCI All Countries Asia ex Japan Index which rose 15.7% over the same period.

"Regional markets made positive progress over the year under review despite some challenging global developments, particularly the continued bouts of uncertainty over the future of the euro with the focus shifting from the smaller economies of Greece and Portugal to the systemically more critical cases of Spain and Italy," the company said in a statement.

"The relative performance of the company's portfolio has been strong over the period. The main contributors were strong stock selection in Korea, Hong Kong, Taiwan and Singapore, with lesser added value from the Philippines, Thailand and Indonesia."

The results come off the back of the appointment of Rosemary Morgan as Non-Executive Director of the company in July. Morgan worked as a Japanese equity fund manager for 16 years at John Govett before joining the Institutional Client team at Fidelity, and RBS from mid 2007.

Schroder Asia Pacific was given the authority to purchase up to 14.99% of its issued shared capital for cancellation at the last annual general meeting in February 2012. However no ordinary shares were acquired by directors for the year ended September 30th.

Shares remained unchanged at 249.00p at 13:25 Tuesday.

Shareholders have been urged to attend the next annual general meeting on January 29th 2013 where a presentation will be held on prospects for Asia and the company's investment strategy.

RD

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

The rising dollar is proving bad news for most other assets – will it last?
Investment strategy

The rising dollar is proving bad news for most other assets – will it last?

Precious metals, stocks and pretty much every other asset has taken a tumble as the US dollar strengthens. Dominic Frisby looks at how long this trend…
23 Sep 2020
Oil producers are back at their Covid-19 lows – is it time to buy?
Oil

Oil producers are back at their Covid-19 lows – is it time to buy?

With demand for oil hammered by Covid-19 and talk of “peak oil demand”, there are lots of good reasons to be bearish on oil producers. So, asks John S…
22 Sep 2020
Why you should stuff your end-of-pandemic portfolio with Chinese stocks
China stockmarkets

Why you should stuff your end-of-pandemic portfolio with Chinese stocks

For an end-of-pandemic portfolio, you need assets that can cope with today’s volatility. And that, says Merryn Somerset Webb, means Chinese stocks.
14 Sep 2020