Edinburgh Worldwide Investment Trust plc Reports Unaudited Preliminary Earnings Results for the Year Ended October 31, 2016
December 09, 2016 at 12:30 pm IST
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Edinburgh Worldwide Investment Trust plc reported unaudited preliminary earnings results for the year ended October 31, 2016. For the year, the company reported net return before finance costs and taxation of £42,295,000 against £22,672,000 reported last year. Net return on ordinary activities before taxation was £41,337,000 against £21,792,000 reported last year. Net return on ordinary activities after taxation was £41,256,000 against £21,729,000 reported last year. Net return per ordinary share was 84.19 pence against 44.34 pence reported last year. Net cash outflow from operating activities was £2,023,000 against £1,919,000 a year ago. Acquisitions of investments was £38,768,000 against £38,913,000 a year ago. Net asset value per ordinary share (after deducting borrowings at fair value) was 546.13 pence against 462.74 pence a year ago. Net asset value per ordinary share (after deducting borrowings at par) was 548.14 pence against 463.95 pence a year ago.
Edinburgh Worldwide Investment Trust plc is a United Kingdom-based investment company. The Company operates as an investment trust. Its investment objective is the achievement of long-term capital growth by investing primarily in listed companies throughout the world. The Company invests on various sectors, including biotechnology, software, aerospace and defense, healthcare equipment and supplies, life sciences tools and services, healthcare technology, technology hardware, storage and peripherals, pharmaceuticals, capital markets, electronic equipment, instruments and components, electrical equipment, food and staples retailing, real estate management and development, professional services, diversified consumer services, healthcare providers and services, Internet and direct marketing retail, insurance, semiconductors and semiconductor equipment, auto components, interactive media and services. Baillie Gifford & Co Limited is the alternative investment manager to the Company.