FIMBank plc - Interim Results

FIMBank plc published its 2008 half-year results on 22 August 2008.

During the first six months of the year, the FIMBank Group generated a pre-tax profit of US$34 million (June 2007: US$3.8 million), positively impacted by the profit on disposal of the shares in Global Trade Finance in India amounting to US$29.2 million. Meanwhile net interest income climbed by 42% to US$7 million and net fee and commission income surged 64% to US$10.1 million.

Following the extraordinary gain made on the sale of GTF, the Directors declared a special dividend of US$0.0329 per share (net of tax) to those members on the Company’s register as at close of trading on Tuesday 2 September. Shareholders have the option of receiving the dividend either in cash or by way of new shares at a discounted price of US$1.60.

A review of the Half-Year Results is available here.

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