Artemis VCT plc Announces Earnings Results for the Year Ended September 30, 2017
December 06, 2017 at 12:45 pm EST
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Artemis VCT plc announced earnings results for the year ended September 30, 2017. For the year, income was GBP 357,000 against GBP 483,000 for the same period last year. Total return on ordinary activities before taxation was GBP 12,586,000 against GBP 9,434,000 for the same period last year. Total return on ordinary activities after taxation was GBP 12,586,000 against GBP 9,434,000 for the same period last year. Return per share is 23.65 pence per share against 17.57 pence per share for the same period last year. Net asset value per share as on September 30, 2017 was 73.60 pence against 71.92 pence per share for the same period last year. Gain on investments was GBP 13,096,000 against GBP 9,757,000 for the same period last year. Net cash generated from operating activities was GBP 13,000 against 22,000 for the same period last year.
Artemis VCT Plc is a United Kingdom-based venture capital trust (VCT), whose business is to buy and sell investments. The Company's investment objective is to achieve long-term capital and income growth and to generate tax-free capital and income distributions. The Company is engaged in the business of investing in shares and securities issued by companies operating in the United Kingdom. The Company invests in a diversified portfolio of companies across a range of industries, with a focus on companies whose shares are traded on Alternative Investment Market (AIM). The Company also invests in ICAP Securities and Derivatives Exchange (ISDX) and unquoted companies. It holds investments in various sectors, such as industrials, technology, healthcare, consumer services, financials, consumer goods, utilities, and oil and gas. Artemis Fund Managers Limited is the alternative investment fund manager for the Company.
ARTEMIS VCT PLC