Oxford Technology 3 Venture Capital Trust plc reported unaudited earnings results for the six months ended August 31, 2013. For the period, the company reported profit on ordinary activities before tax of GBP 192,000 against GBP 1,376,000 for the same period in the last year. Profit on ordinary activities after tax was GBP 192,000 against GBP 1,376,000 for the same period in the last year.

Earnings per share were 2.8 pence against 20.4 pence for the same period in the last year. Net cash outflow from operating activities was GBP 76,000 against GBP 61,000 for the same period in the last year. The net assets per share as at August 31, 2013 were 100 pence compared to 91 pence as at August 31, 2012 and 97 pence as at February 28, 2013.

The major reason for the increase is the rise in the share price of Scancell, which is quoted on AIM.