BP Marsh profits up on unrealised gains
Profits at BP Marsh rose 16.9 percent year-on-year in the first
half of 2016 to £4.8mn ($5.9mn).
The majority of the profit was attributable to £4mn of
unrealised gains in the UK-based insurance venture capital
fund's investment portfolio.
It also reported a dividend of 3.76p per share - up 10 percent
from the 2016 year-end figure - which the group said it would aim
to maintain for at least two years. Net asset value (NAV) climbed
12.7 percent to £73.8mn,...
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