Hazel Renewable Energy VCT2 Plc announced audited earnings results for the year ended September 30, 2013. For the year, the company reported net gain on investments was £2,371,000 against £1,051,000 a year ago. Profit on ordinary activities before tax was £2,077,000 against £883,000 a year ago.

Profit attributable to equity shareholders was £2,077,000 or 9.1 pence per basic and diluted share against £883,000 or 4.1 pence per basic and diluted share a year ago. Net cash inflow from operating activities was £528,000 against net cash outflow from operating activities of £509,000 a year ago. Purchase of investments was £2,283,000 against £11,625,000 a year ago.

Total return per ordinary share and 'A' share was 107.4 pence against 98.2 pence a year ago. At September 30, 2013, the NAV per ordinary share stood at 98.8 pence and the NAV per 'A' share stood at 0.1 pence, producing a combined total of 98.9 pence. This represents an increase of 9.2 pence (9.7%) over the year (after adjusting for dividends paid during the year of 5.0 pence per share).