JPMorgan European Smaller Companies Trust plc reported earnings results for the year ended March 31, 2013. For the year, the company reported net return on ordinary activities before finance costs and taxation was £44,182,000 compared to net loss on ordinary activities before finance costs and taxation of £97,370,000 a year ago. Net return on ordinary activities before taxation was £43,524,000 compared to net loss on ordinary activities before taxation of £98,571,000 a year ago.

Net return on ordinary activities after taxation was £42,952,000 compared to net loss on ordinary activities after taxation of £99,450,000 a year ago. Return per share was 115.35 pence compared to loss per share of 241.29 pence a year ago. Net cash inflow from operating activities was £3,033,000 compared to £3,807,000 a year ago.

Purchases of investments were £963,290,000 compared to £2,001,039,000 a year ago. Net asset value per share was 975.7 pence against 854.0 pence for the same period a year ago.