Troy Income & Growth Trust Plc reported earnings results for the year ended September 30, 2013. For the year, the company reported revenues were £17,159,000 against £11,643,000 a year ago. Profit before taxation was £15,760,000 against £10,644,000 a year ago. Profit for the year was £15,665,000 or 6.66 pence earnings per ordinary share against £10,589,000 or 7.04 pence earnings per ordinary share a year ago. Net cash inflows from operating activities were £4,418,000 against £2,696,000 a year ago. The performance for the year ended September 30, 2013 shows a NAV total return per share of 12.4% and a share price total return of 11.2%.

The company provided quarterly dividend guidance for the full year to 30 September 2014. It is the Board's intention, barring unforeseen circumstances, at least to maintain a quarterly dividend rate of 0.55 pence per share for the full year to 30 September 2014.

R G Hanna will be retiring as Chairman at the AGM in January after 18 years on the Board. David Warnock has accepted as Chairman the Board's invitation to succeed R G Hanna.