Downing THREE VCT plc Reports Earnings Results for the Year Ended December 31, 2016
Downing THREE VCT plc reported earnings results for the year ended December 31, 2016. For the period, the company reported income was £625,000 against £2,449,000 a year ago. Return on ordinary activities before tax was £266,000 against £1,279,000 a year ago. Return for the year and total comprehensive income was £287,000 against £1,117,000 a year ago. Basic and diluted loss per `C' share was 0.4 pence compared to basic and diluted return of 5.1 pence a year ago. Basic and diluted return per `D' share was 2.0 pence compared to 6.9 pence a year ago. Basic and diluted return per `F' share was 2.8 pence compared to 1.0 pence a year ago. Basic and diluted return per `H' share was 0.7 pence compared to 0.8 pence a year ago. Basic and diluted loss per `J' share was 2.8 pence compared to 2.4 pence a year ago. Net cash outflow from operating activities was £3,000 compared to Net cash inflow from operating activities of £862,000 a year ago. Net asset value as at December 31, 2016 per `D' Share was 36.4 pence compared to 51.3 pence a year ago. Net asset value as at December 31, 2016 per `E' Share was 0.1 pence compared to 0.1 pence a year ago. Net asset value as at December 31, 2016 per `F' Share was 69.4 pence compared to 71.5 pence a year ago. Net asset value as at December 31, 2016 per ‘H' Share was 86.2 pence compared to 90.5 pence a year ago. Net asset value as at December 31, 2016 per `J' Share was 95.8 pence compared to 98.5 pence a year ago.