Interfund ups interim dividend on record 9M profit

Interfund Investments Pcl (INF) has increased the interim dividend to 1.25 cent (EUR 2.1679) from 0.75 cent (EUR 1.3) a year ago following a record jump in earnings in the first nine months of the year. The Company’s Board decided to distribute the interim dividend to all shareholders registered as at 17 November 2006. The ex-dividend date

is set on 15 November 2006. All warrants exercised prior to 31 October 2006 will be entitled to the abovementioned dividend payment. The dividend will be paid on 1 December 2006. Based on the latest closing price the dividend yield stands at 5.81%.

INF reported a sharp jump in net profit to CYP 16.9 mln or EUR 29.31 mln during the first nine months of 2006 compared to CYP 5.37 mln a year ago in the same period. EPS climbed to  9.75 (vs. 3.41 in 9M05). The latest reported NAV as at 13 October 2006 stood at 25.5 cent per share compared to 24.44 cent end of September 2006. Based on the latest price of 21.5 cent or EUR 37.28, INF trades at a 12% discount to its NAV.