Montanaro European Smaller Companies Trust plc announced audited earnings results for the year ended March 31, 2020. For the year, the company reported total loss of GBP 4,840,000 against total income of GBP 22,364,000 a year ago. Loss after taxation was GBP 7,470,000 against return after taxation of GBP 19,787,000 a year ago. Loss per share was 44.7 pence per share against return per share of 118.2 pence per share a year ago.