Caledonia Investments PLC on Tuesday suffered a foreign exchange headwind in its recent half-year, but it said its underlying investment portfolio performed well.

The FTSE 250-listed trust invests in both public companies and private capital globally. It said net asset value per share edged down 0.4% to 5,346 pence on September 30 from 5,369p on March 31.

NAV total return declined to positive 0.5% for the six months to September 30 from positive 3.7% a year before and 7.4% in the financial year that ended March 31.

Chief Executive Officer Mat Masters said: ‘This period has shown the value of our diversified, global and long-term portfolio. While there was an impact from foreign exchange headwinds, overall our underlying investment portfolio performed well in the first six months of the year. This includes particularly strong returns from public companies, driven by excellent operational performance of businesses in the portfolio.’

The company declared an interim dividend per share of 19.69 pence, up 0.4% from 18.93p a year ago.

Caledonia Investments shares were 0.4% higher at 3,361.86 pence each on Tuesday morning in London.

Copyright 2024 Alliance News Ltd. All Rights Reserved.