British & American Investment Trust plc reported earnings results for the year ended December 31, 2017. For the year, the company reported loss before finance cost and tax of £4,651,000 compared to £5,096,000 a year ago. Loss before tax was £4,733,000 compared to £5,162,000 a year ago. Loss for the period was £4,698,000 compared to £5,129,000 a year ago. Diluted loss per ordinary shares 13.43 pence compared to 14.65 pence a year ago. Gross revenues totalled £2.7 million against £2.3 million reported for the same period a year ago. Net cash from operating activities was £3,486,000 compared to £1,328,000 a year ago. This increase was due to higher levels of both external dividend receipts and dividends received from subsidiary companies compared to the previous year. Investment income was £2,732,000 compared to £2,263,000 a year ago. The net asset value per ordinary share to 0.44 pence compared to 0.65 pence a year ago, on a diluted basis.