Advance Developing Markets Fund Limited reported earnings results for the year ended October 31, 2012. For the year, the company reported total revenues of £2.946 million compared to negative revenue of £34.816 million a year ago. Operating loss before finance costs and taxation was £0.857 million compared to £38.440 million a year ago.

Operating loss before taxation was £0.907 million compared to £38.630 million a year ago. Total comprehensive loss for the year was £1.164 million compared to £38.807 million a year ago. Diluted loss per share was 1.54 pence compared to 54.59 pence a year ago.

Net cash used in operating activities was £37.415 million compared to net cash flow from operating activities of £16.934 million a year ago. NAV per share was 466.4 pence per share.