Artemis Alpha Trust plc announced that Kartik Kumar, who has assisted John Dodd and Adrian Paterson in the management of the company since March 2015, has been formally appointed as co-manager. Adrian Paterson, who has co-managed the company's portfolio since July 2009, announced his intention to retire from fund management at the end of 2018. He will continue to work closely with John Dodd and Kartik Kumar until he retires. Tom Cross Brown will retire as a director of the company at the conclusion of 2018's Annual General Meeting in October, having served as a director since April 2006.

The company reported audited earnings results for the year ended April 30, 2018. For the period, the company reported total revenue of GBP 3,250,000 against GBP 3,184,000 a year ago. Total income was GBP 16,658,000 against GBP 27,706,000 a year ago. Profit before tax was GBP 14,889,000 against GBP 26,150,000 a year ago. Profit before finance costs and tax was GBP 15,280,000 against GBP 26,509,000 a year ago. Profit for the year was JPY 14,806,000 against GBP 26,113,000 a year ago. Earnings per ordinary share (undiluted) and diluted were 36.12 pence against 63.01 pence a year ago. Net cash inflow from operating activities was GBP 1,471,000 against GBP 1,297,000 a year ago. Purchases of investments were GBP 52,510,000 against GBP 45,795,000 a year ago. Net debt at the end of the year was GBP 9,874,000 against GBP 8,988,000 a year ago. The company's revenue earnings for the year ended 30 April 2018 were 6.35 pence per share, slightly ahead of the previous year (6.31 pence). Significant contributions came from the financial holdings such as N1 Singer, Polar Capital and Liontrust as well as Plus500.