British Smaller Companies VCT2 makes good progress

British Smaller Companies VCT2 says it continued to make good progress in the quarter to the end of September with total return rising to 112.8 pence per ordinary share.

This is an increase of 1.3 pence per ordinary share; equivalent to 3.5% of the portfolio's value at 1 July.

Improved profitability in a number of investments contributed to a £1.1 million return from the portfolio in the quarter, delivering a £1.2 million increase in NAV in the period (including the net income surplus of £0.1 million) prior to the payment of the interim dividend.

At 3:37pm: (LON:BSC) British Smaller Companies VCT 2 PLC share price was 0p at 58p