JLEN Environmental quarterly net asset value declines mildly

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(Alliance News) – JLEN Environmental Assets Group Ltd on Monday reported a slight decline in net asset value in the three months to 31 December.

The London-based environmental infrastructure fund said NAV fell 0.7% to 123.5 pence each from an adjusted 124.4p on September 30. The September figure was adjusted for the unexpected UK tax on energy suppliers, announced in November. The company’s NAV at the end of December was 23% higher than 100.7pa a year earlier.

JLEN declared a quarterly dividend of 1.78 pence per share, in line with its annual target of 7.14p for its financial year ending March 31, compared with an annual dividend of 6.80p a year earlier .

JLEN Environmental shares were 0.3% lower at 120.68 pence each in London on Monday morning.

By Tom Budszus, Alliance News reporter

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