City of London Investment Group PLC Declares Interim Dividend, Payable on February 28, 2014; Announces Unaudited Consolidated Earnings Results for the Six Months Ended November 30, 2013
The company announced unaudited consolidated earnings results for the six months ended November 30, 2013. For the period, revenue was £11,785,990 against £15,135,250 a year ago. Operating profit was £3,308,888 against £4,630,732 of prior year. Profit before taxation was £3,335,172 against £4,664,829 of prior year. Profit for the period was £2,419,807 or 9.6 pence per diluted and basic share against profit of £3,309,550 or 12.9 pence per diluted share of prior year. Net cash generated from operating activities was £1,623,349 against £4,612,145 of prior year. Purchase of property and equipment was £11,558 against £40,935 of prior year.