British & American Investment Trust plc reported earnings results for the year ended December 31, 2016. For the year, the company reported loss before tax was £5,162,000 against profit of £5,407,000 a year ago. Diluted loss per ordinary share was 14.65 pence against 15.53 pence earnings per diluted ordinary share a year ago. The return on the revenue account before tax amounted to £1.5 million compared to £2.7 million a year ago, a decrease of 44%. A significant portion of this decline was due to a lower level of dividend receipts from subsidiary companies compared to the previous year, whereas external dividends received by the parent company were slightly higher compared to the previous year. The revenue return per ordinary share was 4.6 pence compared to 9.5 pence, on an undiluted basis and 4.3 pence compared to 7.8 pence on a diluted basis a year ago. Investment loss was £4,134,000 against investment income of £3,206,000 a year ago. Loss for the period was £5,129,000 against profit of £5,435,000 a year ago. Net cash from operating activities was £1,328,000 against £2,848,000 a year ago. The net asset value per ordinary share decreased to 65 pence compared to 86 pence a year ago, on a diluted basis.