JPMorgan Overseas Investment Trust plc announced earnings results for the full year ended June 30, 2012. For the period, the company reported losses on investments held at fair value through loss of £30,364,000 compared with profit on investments held at fair value through loss of £45,596,000 for the same period a year ago. Net loss on ordinary activities before tax was £23,107,000 compared with net return on ordinary activities before tax of £45,565,000 for the same period a year ago. Net loss on ordinary activities after tax was £23,351,000 or 90.04 pence per share compared with net return on ordinary activities after tax of £45,157,000 or 175.03 pence per share for the same period a year ago. Net assets was £199,939,000 or 787.5 pence per share compared with £231,827,000 or 889.0 pence per share for the same period a year ago. Net cash inflow from operating activities was £1,648,000 compared with £2,684,000 for the same period a year ago.

The directors are proposing, subject to shareholders' approval at the Annual General Meeting ('AGM'), to pay a final dividend of 13.5 pence per share, compared with 13.5 pence per share for the same period a year ago, on 30th November 2012 to shareholders on the register at the close of business on 9th November 2012.

As previously reported, John Rennocks will be retiring from the board at the conclusion of the forthcoming AGM. He has served as a director of the company since 2001. Jonathan Carey will succeed John in his role as the chairman of the audit and management engagement committee and Nigel Wightman will succeed him as the senior independent director.