British & American Investment Trust plc reported earnings results for the year ended December 31, 2015. Profit before tax was £5,407,000 against loss of £1,523,000 a year ago. An earnings per ordinary share diluted was 15.53 pence against 4.19 pence loss per diluted ordinary share a year ago.

The return on the revenue account before tax amounted to £2.7 million against 2014 of £2.4 million, an increase of 12%. This year, and particularly in the second half, external dividends received by the parent company were considerably higher than those received via group subsidiaries, accounting for the reversal to the decline in revenues reported at the interim stage. Investment income was £3,206,000 against £2,871,000 a year ago.

Profit for the period was £5,435,000 against loss of £1,469,000 a year ago. Net cash from operating activities was £2,848,000 against £680,000 a year ago.