(RTTNews) - JPMorgan Indian Invest Trust (JII.L) reported fiscal year total net profit of 127.28 million pounds compared to 2.96 million pounds, prior year. Total profit per share was 178.74 pence compared to 3.96 pence. Total income for the period was 170.63 million pounds compared to 21.41 million pounds, last year.
On a revenue basis, net profit was 2.38 million pounds for the year ended 30th September 2024, compared to 4.74 million pounds, last year. On a revenue basis, profit per share was 3.35 pence compared to 6.34 pence. On a revenue basis, total income was 9.93 million pounds compared to 12.13 million pounds.
The Board said the Portfolio Managers' view is that the investment case for India remains compelling. During the 12 months to end September 2024, the MSCI India Index produced a positive return of 27.7%, extending the 14.7% return it delivered in the first half. JPMorgan Indian Invest Trust produced a total return on net assets of 18.1% in the year. The company said, while it expects some near-term volatility, it believes the medium to long term outlook remains robust. JPMorgan Indian Invest Trust believes other than the US, there is no other large market globally that has the same potential for growth and sustained economic returns.
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