City of London Investment Group PLC provided earnings guidance for the year ended June 30, 2022. For the year to 30 June 2022, the Group estimates that the unaudited profit before amortization of intangibles and taxation to be approximately £27.2 million, including non-controlling interest loss of £0.1 million (2021: £27.2 million profit before amortization of intangibles, exceptional merger costs of c. £1.7 million and taxation, NCI profit of nil) (2021: £25.5 million profit before amortization and taxation). Profits after an anticipated tax charge of £5.0 million (representing 22% of profits before taxation) will be approximately £18.1 million (2021: profits of £17.0 million after a tax charge of £5.3 million, representing 19% of profits before exceptional merger costs and taxation).

Basic and fully diluted earnings per share are expected to be 37.1 pence and 36.6 pence respectively (2021: 39.4 pence and 38.8 pence).