Edinburgh Worldwide Investment Trust plc Reports Unaudited Preliminary Earnings Results for the Year Ended October 31, 2017
December 08, 2017 at 02:00 am EST
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Edinburgh Worldwide Investment Trust plc reported unaudited preliminary earnings results for the year ended October 31, 2017. For the period, the company reported total income was £1,268,000, net return before finance costs and taxation was £85,019,000, net return on ordinary activities before taxation was £84,020,000, net return on ordinary activities after taxation was £84,227,000 or 171.88 pence per share against total income was £1,178,000, net return before finance costs and taxation was £42,295,000, net return on ordinary activities before taxation was £41,337,000, net return on ordinary activities after taxation was £41,256,000 or 84.19 pence per share a year ago. Net cash outflow from operating activities was £2,032,000 compared to £2,023,000 a year ago. Acquisitions of investments were £50,072,000 compared to £38,768,000 a year ago.
Edinburgh Worldwide Investment Trust plc is a United Kingdom-based investment company. The Company operates as an investment trust. Its investment objective is the achievement of long-term capital growth by investing primarily in listed companies throughout the world. The Company invests on various sectors, including biotechnology, software, aerospace and defense, healthcare equipment and supplies, life sciences tools and services, healthcare technology, technology hardware, storage and peripherals, pharmaceuticals, capital markets, electronic equipment, instruments and components, electrical equipment, food and staples retailing, real estate management and development, professional services, diversified consumer services, healthcare providers and services, Internet and direct marketing retail, insurance, semiconductors and semiconductor equipment, auto components, interactive media and services. Baillie Gifford & Co Limited is the alternative investment manager to the Company.