The company made unrealised losses on investments of £871,450, up from £476,963, but cut bank debt from £2.7 million to £2m.
Mr Murray's Malta-based Blue Planet Investment Management still runs the £11.5m Blue Planet International Financials investment trust. The trust is down 11% this year after losing 40% in each of the previous two years. It made a 61% return in 2009.
Over 10 years, shareholders are nursing losses of 33%, Lipper figures from Investment Life & Pensions Moneyfacts showed.
Labrador Coast had shareholder funds of £1.8m in June 2011, down 25% from 2010. The company was started by Mr Murray in 2002 with £1000 of share capital and performed strongly before the financial crisis.