JPMorgan European Smaller Companies Trust plc Announces Unaudited Earnings Results for the Six Months Ended September 30, 2016; Announces Interim Dividend, Payable on 4 January 2017
November 24, 2016 at 02:05 am EST
Share
JPMorgan European Smaller Companies Trust plc announced unaudited earnings results for the six months ended September 30, 2016. For the period, gross return was £90,936,000, net return on ordinary activities before finance costs and taxation was £87,913,000, net return on ordinary activities before taxation was £87,514,000 and net return on ordinary activities after taxation was £87,112,000 or 54.39 pence per share against £13,445,000, net return on ordinary activities before finance costs and taxation of £10,944,000, net return on ordinary activities before taxation of £10,538,000 and net return on ordinary activities after taxation of £10,184,000 or 6.36 pence per share for the same period a year ago. Net asset value per share was 361.7 pence against 272.7 pence a year ago. Net cash inflow from operating activities was £8,009,000 against £3,604,000 a year ago. Purchases of investments and derivatives were £379,646,000 against £478,324,000 a year ago.
The Board of JPMorgan European Smaller Companies Trust plc has announced that an interim dividend of 1.2 pence per share will be paid on 4 January 2017 to shareholders on the register at the close of business on 2nd December 2016. Ex-dividend date is 1 December 2016.
JPMorgan European Discovery Trust plc is a United Kingdom-based investment trust company. The objective of the Company is to achieve capital growth from a portfolio of quoted smaller European companies, excluding the United Kingdom. The Company invests in equities for the long term. The Company invests in markets that operate Delivery Versus Payment (DVP) settlement. Its portfolio of investment includes industrials, information technology, communication services, utilities, financials, energy, consumer staples, healthcare, real estate and materials. The Company's portfolio includes investments across geographical areas, including France, Italy, Switzerland, Sweden, Netherlands, Belgium, Germany, Denmark, Finland, Spain, Norway and Austria. The Company's investment manager is JPMorgan Funds Limited (JPMF).
JPMorgan European Smaller Companies Trust plc Announces Unaudited Earnings Results for the Six Months Ended September 30, 2016; Announces Interim Dividend, Payable on 4 January 2017