IN BRIEF: Scotgems increases net asset value by 8.2% in 2021

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Scotgems PLC - invests in small-cap companies in emerging markets - Swings to pretax profit of £4.3 million in 2021 from a loss of £168,000 the previous year. Investment income more than doubles to £2.1 million from £872,000. Total income rises sharply to £5 million from £456,000. Return per share swings to 7.04 pence from a loss of 1.16p. During the year, the company's NAV increased by 8.2% to 92.90 pence from 85.86p, while the MSCI Emerging Markets Small Cap Index increased by 11%.

Current stock price: 68.50 pence

12-month change: down 3.5%

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