Montanaro UK Smaller Companies Investment Trust PLC announced earnings results for the year ended March 31, 2018. For the year, the company reported gains on investments at fair value through profit of £16,728,000 against £22,299,000 a year ago. Net return before finance costs and taxation was £20,008,000 against £24,561,000 a year ago. Net return before taxation was £19,417,000 against £23,789,000 a year ago. Net return after taxation was £19,410,000 against £23,779,000 a year ago. Basic and diluted return per ordinary share was 58.0 pence against 71.0 pence a year ago. Basic and diluted net asset value per ordinary share was 679.1 pence as on March 31, 2018 compared to 631.6 pence as on March 31, 2017. Revenue return per ordinary share was 12.3 pence against 10.0 pence a year ago.