Mercantile Investment Trust PLC - London-based investment company focused on medium and smaller sized companies in the UK - Net asset value per share rises to 277.7 pence at January 31 from 251.0p at the same time the previous year. Gains on investments in the year ended January 31 swings to a profit of £228.2 million from a loss of £163.3 million the previous year. Pretax return also swings to a profit, rising to £265.7 million from a loss of £142.9 million in financial 2021. Company increases total dividend for the year by 3.0% to 6.9p.

Mercantile Investment Trust says its portfolio highlights in the year include luxury watch retailer Watches of Switzerland Group PLC, content publisher Future PLC and construction company Morgan Sindall Group PLC. Its biggest detractors were fast-fashion retailer Boohoo Group PLC and games company Games Workshop Group PLC.

Current stock price: 219.50p

12-month change: down 17%

Copyright 2022 Alliance News Limited. All Rights Reserved.