Montanaro European Smaller Companies Trust plc announced audited earnings results for the year ended March 31, 2021. For the period, the company reported total income of £110,799,000 compared to loss of £4,840,000 a year ago. Return after taxation was £107,635,000 compared to loss of £7,470,000 a year ago. Return per share was 635.5 pence compared to loss of 44.7 pence a year ago.