JPMorgan European Investment Trust plc - Growth Shares announced unaudited earnings results for the six months ended September 30, 2015. For the period, the company reported net cash inflow from operating activities of GBP 6,554,000 against net cash used in operations of GBP 290,000 a year ago. Net asset value per income share was 129.6 pence against 129.7 pence a year ago.

Loss on investments and derivatives held at fair value through loss was GBP 32,752,000 against profit on investments and derivatives held at fair value through loss of GBP 14,439,000 a year ago. Net loss on ordinary activities before finance costs and taxations was GBP 26,569,000 against net income of GBP 27,875,000 a year ago. Net loss on ordinary activities before tax was GBP 26,724,000 against net income on ordinary activities before tax of GBP 27,546,000 a year ago.

Net loss on ordinary activities after tax was GBP 26,724,000 against net income ordinary activities after tax of GBP 26,906,000 a year ago. Total loss per share was 21.32 pence against 11.53 pence a year ago. Total loss return per Growth share was 21.32 pence against 11.53 pence a year ago.

Total loss per Income share was 11.61 pence against 2.80 pence a year ago. The company's Growth portfolio produced a total return on net assets (capital plus net income reinvested) of -8.0% against a total return on the benchmark index, the MSCI Europe ex UK Index, of -10.6% (both in sterling terms). Earnings per share on the Growth portfolio (calculated by reference to the average number of shares in issue over the period) amounted to 4.16 pence per share against 5.01 pence a year ago.