JPMorgan European Smaller Companies Trust plc Announces Earnings Results for the Year Ended March 31, 2016
JPMorgan European Smaller Companies Trust plc announced earnings results for the year ended March 31, 2016. For the year, the company reported income from investments of £8,357,000 against £8,427,000 a year ago. Gross return was £77,219,000 against £7,755,000 a year ago. Net return on ordinary activities before finance costs and taxation was £71,917,000 against £2,608,000 a year ago. Net return on ordinary activities before taxation was £71,117,000 against £1,642,000 a year ago. Net return on ordinary activities after taxation was £70,778,000 against £895,000 a year ago. Return per share was 44.20 pence against 0.56 pence a year ago. Net cash inflow from operating activities was £3,408,000 against £713,000 a year ago.