Clime Capital $15 Million Profit

Clime Capital Limited Reports a Healthy $15 Million Increase in NTA

PRESS RELEASE

In the 6 months to 30th December, 2009, Clime Capital Limited (ASX:CAM) increased its NTA to $65.8 million, an increase of approximately $15 million before tax. The increase is after the payment of dividends and the expensing of costs.

This has resulted in the pretax NTA rising to $1.44 per share, up from $1.22 per share as at 30th June, 2009.

The $15 million (approx) surge in profit in the second half of 2009 contributed to the Company's 55.59% increase in value during 2009. This represented a 16% outperformance of the ASX All Ordinaries Accumulation index for 2009.

The directors of Clime Capital declared a 4.5 cents dividend for each converting preference share and a 1 cent dividend per ordinary share on 4th January 2010. Both dividends are fully franked and payable late January 2010. Thus since 30 June the company has declared 13.5 cents of preferred and 3 cents of ordinary dividends.

These dividends are consistent with the company's announcement last October that it will pay quarterly ordinary dividends should the company's profit allow such a payment.

Clime's Chief Investment Officer, John Abernethy, said: "We anticipate 2010 will be a challenging year for equity markets. However, our value investing methodology is producing superior results for our investors. This latest increase in value for Clime Capital is further proof of that."

For further details, please contact:

John Abernethy, Chairman on 89172107, or [email protected]


SOURCE: Clime Capital