Friday, August 7, 2009

LONDON-Results Round up

Results Round Up

Royal Bank of Scotland has turned last year’s big half-year pre-tax loss into a small profit, although the part-nationalised bank saw bad debts rocket to Ł7.5bn.

Profit before tax, excluding the write-down of goodwill and other intangible assets came in at Ł15m for the six months ended 30 June 2009 versus a Ł726m loss a year ago. Total income rose 25% to Ł17.8bn.

But chief executive Stephen Hester called the results “poor” following a jump in losses attributable to shareholders to Ł1.04bn from Ł827m in 2008.

Catlin, the specialty property/casualty insurer and reinsurer, said it produced record profits and net income for the half-year period, prompting it to increase the interim dividend by 9%.

In the six months, profit before tax rose 60% to $240m. Gross premiums written rose 7% to $2,211m, while net premiums written increased 21% to $1,772m.

Results

Name Type Reporting Date Turnover (m) Pre-tax Profit (m) EPS Adjusted Dividend
Catlin Group Interim 30-Jun-09 $2,217.10 +7% $239.77 +60% 62.00¢ +63% 13.80¢ -6%
JPMorgan Claverhouse Inv Trust Interim 30-Jun-09 Ł6.00 -20% Ł5.10 -22% 8.94p -20% 7.00p n/a
Logica Interim 30-Jun-09 Ł1,876.10 +6% Ł24.20 +92% 5.50p +2% 1.00p -58%
Murray International Trust Interim 30-Jun-09 Ł21.36 +20% Ł19.60 +21% 16.80p +19% 11.20p +17%
Murray International Trust 'B' Shares Interim 30-Jun-09 Ł21.36 +20% Ł19.60 +21% 1,358.70p +22% n/a n/a
Royal Bank of Scotland Group Interim 30-Jun-09 Ł18,051.00 +30% Ł(244.00) n/a (8.40)p n/a n/a n/a

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