Ex-Lands, the investment and leisure group that is developing golf courses in Continental Europe, turned around taxable losses of pounds 8,000 to report pre-tax profits of pounds 65,000 for the year to 30 June. Turnover in the period was down from pounds 1.28m to pounds 1.25m. Earnings per share were raised to 0.1p (0.06p). The company reported that its operations over the last year had expanded significantly. It is currently engaged in six projects in Europe with International Management Group, a sports and entertainment group, which took a stake in the group in the summer of 1991. Ex-Land's net asset value per share after incorporating the surpluses arising on the group's projects at the year-end grew from 39.1p to 44.8p. No dividend.
Edinburgh Investment Trust declared a maintained dividend payout of 2.85p for the six months to 30 September. Net asset value per share increased from 253.9p to 254.9p in the period between 1 April and 30 September. The managers said investment income fell from pounds 24.3m to pounds 20.9m reflecting reduced exposure to the UK in the early part of the year as well as sales and dividend cuts from some UK companies.Reuse content