Advance Developing Markets Fund Limited reported unaudited earnings results for the year ended October 31, 2013. For the year, the company reported total revenue of £29,829,000 compared to £2,946,000 a year ago. Operating profit before finance costs and taxation was £26,203,000 compared to operating loss before finance costs and taxation of £857,000 a year ago.

Operating profit before taxation was £26,175,000 compared to operating loss before taxation of £907,000 a year ago. Total comprehensive income for the year was £25,929,000 compared to total comprehensive loss for the year of £1,164,000 a year ago. Earnings per ordinary share were 37.88 pence compared to loss per ordinary share of 1.54 pence a year ago.

Net cash from operating activities was £63,007,000 compared to net cash used in operating activities of £37,415,000 a year ago. NAV per share as at 31 October 2013 was 494.7 pence per share.