1 - The earnings per share of £3.44 relates to the six month period from 1 April 2020 to 30 September 2020 whereas loss per share of (£0.60) relates to the financial year from 1 April 2019 to 31 March 2020.
I am pleased to report another excellent set of results for the period ended 30 September 2020. As was prefaced in the Chairman's statement accompanying the Annual Report, we had seen a substantial recovery from the lows of March, I am therefore pleased to report that the Net Asset Value per share rose by 39.20%.
As you will see from the Manager's report set out below, there were notable successes during the period and encouragingly only two companies required support as a consequence of the effects of the Covid-19 crisis. This, once again, reflects the skills of the team at Harwood Capital led by Christopher Mills to invest in companies where they see opportunities for value creation through active management and, when appropriate, realisation of capital gains, but at the same time ensuring that the companies have strong balance sheets to underpin their business models.