Company News in Brief

CH Bailey, the ship repairer and engineer with leisure and hotel interests, reversed pounds 306,000 taxable loss to make pounds 773,000 pre-tax profit in the six months to 30 September, helped by sales of investments. Turnover rose to pounds 2.3m ( pounds 2.1m). No dividend.

Elbief, maker of leather goods and frames, deepened pre-tax losses from pounds 57,000 to pounds 244,000 in six months to 31 October, depressed by sales of pounds 1.9m ( pounds 2.3m). Rationalisation and redundancy costs also depressed losses.

Thorgmorton 1,000 Smallest Companies Trust's net asset value stood at 98.48p per share at the end of the six months to 31 December compared with 99.4p when the company was launched. Kleinwort Overseas IT is paying a total dividend of 3.3p (3.2p) for the year ended 31 December. Net asset value rose 21 per cent to 224.64p (185.39p).

Scottish American Investment Company's net asset value per share improved to 152.2p (131.7p) at the end of 1992. Final dividend 1.1p, making 4.35p (4.12p).