U+I NAV falls as group focuses on new strategy

Matthew Weiner

U+I has posted a fall in net asset value (NAV) as debt rose and profit plummeted in the 13 months to the end of March.

NAV per share fell during the period from 303p to 289p, while debt rose to £139m from £119.1m, resulting in a gearing of 38.6%. Pre-tax profit fell from £48.2m to £6.3m.

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