JPMorgan European Smaller Companies Trust plc reported unaudited earnings results for the half year ended September 30, 2012. For the period, the company reported net loss on ordinary activities before finance costs and taxation was £19,601,000 compared to £106,948,000 a year ago. Net loss on ordinary activities before taxation was £19,914,000 compared to £107,175,000 a year ago.

Net return on ordinary activities after taxation was £5,222,000 compared to net loss on ordinary activities after taxation of £108,146,000 a year ago. Return per share was 13.53 pence compared to loss per share of 256.18 pence a year ago. Net cash inflow from operating activities was £3,807,000 compared to £2,063,000 a year ago.

Purchases of investments were £4,123,000 compared to £4,772,000 a year ago. Net debt was £32,682,000 compared to £37,210,000 a year ago.