JPMorgan European Smaller Companies Trust plc announced unaudited earnings results for the six months ended September 30, 2018. For the period, the company’s gross return was GBP 48,933,000 against GBP 94,235,000 a year ago. Net return on ordinary activities before taxation was GBP 44,712,000 against GBP 90,551,000 a year ago. Net return on ordinary activities was GBP 43,647,000 against GBP 89,801,000 a year ago. Return per share was 27.28 pence against 56.13 pence a year ago. Net asset value per share was 460.7 pence against 440.7 pence a year ago.