Interfund declares interim, 9M profits decline

Interfund Investments Plc announced that the interim dividend 2007 of 15% on the nominal value of the share, which has been approved by the Board of Directors on October 19, 2007, will be paid to the shareholders on December 12, 2007. The cum-dividend date will be November 30, 2007. The ex-dividend date will be December 3, 2007. Warrant holders 2004 – 2007, who will exercise their warrants for their conversion to shares until October 31, 2007, will be entitled to the dividend.

The company also announced its nine month results until 30 September 2007 with net profit decreasing 6.3% YoY to EUR 27.50 mln from EUR 29.46 mln in the same period a year ago and EUR 49.38 mln for the whole of 2006.

The reason for the decline in profitability was sharply lower profit from sale of investments, which fell to EUR 4.5 mln from EUR 8.1 mln a year ago while revaluation profits (not booked) increased to EUR 21.4 mln from EUR 20.8 mln. Operating profits were also unjustifiably 39% higher at EUR 564.334 from EUR 405.304 a year ago and EUR 599.664 for the whole of 2006.

Earnings per share fell to 16.58 euro cents from 18.68 euro cents a year earlier. Interfund has EUR 96.9 mln in trade investments by end of September.